H.J. Heinz Company, the world's largest ketchup maker, today said quarterly net income rose, boosted in part by profit from spun-off operations.
The Pittsburgh, Pennsylvania-based company said it earned $214.0 million, or 60 cents a share in its first quarter, compared with $99.98 million, or 28 cents a share, in the year-earlier period.
The company said it earned 53 cents a share from continuing operations in the most recent quarter.
Heinz was expected to earn 51 cents a share on average, before special items, based on a poll of analysts by Reuters Research.