The Ratings Game: Kraft-Heinz shares battered after earnings miss by a wide mark

Kraft-Heinz Co. shares slid almost 10% Friday after the company missed profit estimates by a wide mark in its latest quarter, offsetting better-than-expected revenue.

The stock KHC, -10.04% was last down 9.9% to mark its biggest one-day decline since July 6, 2015.

The company posted net income of $630 million, or 51 cents a share, for the quarter, down from $944 million, or 77 cents a share, in the year-earlier period. Adjusted per-share earnings came to 78 cents a share, below the 81 cents FactSet consensus.

Revenue rose to $6.37 billion from $6.28 billion to beat the revenue consensus of $6.31 billion.

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