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Kraft Heinz misses third-quarter revenue estimates

Reuters

Kraft Heinz missed analysts' estimates for third-quarter sales on Wednesday, as the Jell-O maker's volumes took a hit from higher product prices of its packaged meals and condiments.

Shares in the company rose over 1% in premarket trading on Wednesday.

The Heinz ketchup maker's net sales rose to $6.57 billion for the quarter ended Sept. 30 from $6.51 billion a year earlier.

Analysts on average had expected $6.72 billion, according to LSEG data. (Reporting by Savyata Mishra and Annett Mary Manoj; Editing by Devika Syamnath)