PITTSBURGH (AP) _ Kraft Heinz Co. (KHC) on Thursday reported third-quarter earnings of $597 million.

The Pittsburgh-based company said it had profit of 49 cents per share. Earnings, adjusted for one-time gains and costs, came to 70 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese posted revenue of $6.44 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $6.38 billion.

Kraft shares have decreased 9% since the beginning of the year.

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

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