Stock Market News - (NYSE:HNZ) Lifts Guidance, Shares Flat

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H.J. Heinz Company (NYSE:HNZ) trading flat at  $43.16 after its second-quarter net income fell to $237.3 million, or 73 cents a share, from $276.7 million, or 87 cents a share, in the year-ago period. Breaking out a one-time loss on the sale of a small non-core business in its U.S. Foodservice unit, Heinz earned 76 cents a share. The Pittsburgh ketchup maker's revenue grew 2.5% to $2.67 billion, led by growth in emerging markets and acquisitions. Analysts expected Heinz to earn 70 cents a share on revenue of $2.6 billion, according to FactSet. Heinz raised its full-year outlook to $2.72 to $2.82 a share from continuing operations, from its earlier view of $2.60 to $2.70 a share. Analysts were looking for $2.75 a share.

H. J. Heinz Company and its subsidiaries manufacture and market a line of processed food products throughout the world. The Company’s principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant food and other processed food products.