US food company HJ Heinz has reported third-quarter earnings of US$151.6m, down from $201.7m in the year-ago period due to its planned divestment of some units to Del Monte Foods in December.
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Heinz reported earnings from continuing operations in the fiscal third quarter to 29 January of $191.5m, or 54 cents a share, compared with $161.2m, or 46 cents a share, in the year-ago period, excluding special items. Analysts had been expecting, on average, earnings from continuing operations of 52 cents a share, reported Reuters.
