PITTSBURGH (AP) _ Kraft Heinz Co. (KHC) on Thursday reported fourth-quarter net income of $1.03 billion.

On a per-share basis, the Pittsburgh-based company said it had net income of 84 cents. Earnings, adjusted for non-recurring gains, were 80 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese posted revenue of $6.94 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $6.88 billion.

For the year, the company reported profit of $356 million, or 29 cents per share. Revenue was reported as $26.19 billion.

Kraft shares have fallen 2% 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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