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Kraft Heinz Drops 7.3% in After-Hours Trading on Q3 EPS Miss

Kraft Heinz Drops 7.3% in After-Hours Trading on Q3 EPS Miss

Kraft Heinz (KHC) stock fell 7.3% in after-hours trade following the company’s third-quarter results on November 1. Kraft Heinz reported better-than-expected top-line growth. Meanwhile, improvement in organic sales was a positive surprise. However, the company missed analysts’ estimate on the bottom-line front, which didn’t sit well with investors.