PITTSBURGH (AP) _ Kraft Heinz Co. (KHC) on Wednesday reported third-quarter profit of $432 million.

On a per-share basis, the Pittsburgh-based company said it had profit of 35 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 63 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese posted revenue of $6.51 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $6.3 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KHC at https://www.zacks.com/ap/KHC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News