: Kraft Heinz stock jumps after profit beat and raised outlook, while sales came up short

Shares of Kraft Heinz Co. KHC rallied 1.7% in premarket trading Wednesday, after the consumer food and beverage giant topped third-quarter profit expectations and lifted its full-year outlook, while sales came up a bit shy. Net income fell to $262 million, or 21 cents a share, from $432 million, or 35 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 72 cents beat the FactSet consensus of 66 cents. Sales grew 1% to $6.57 billion, below the...