EMERGING MARKETS: H.J. Heinz Co.'s fiscal first-quarter net income jumped 13 percent as the foodmaker's business boomed in growing overseas markets such as India, China and Russia.BOTTOM LINE: Net income rose 13 percent to $240.4 million, or 75 cents per share, topping analysts' expectations of 73 cents per share. Revenue rose 1.6 percent to $2.48 billion, slightly shy of analysts' $2.53 billion forecast.THE DRIVERS: Sales growth was propelled by products like nutritional beverages in India, infant formula in China and strong ketchup growth in Russia. Sales slid in Europe and other areas of the globe, as well as in the company's U.S. food-service division.Hyperavers featuringKate Leasing, Leed, Andy Holder presentsEthnic Integrations featuringJay Benham, Zuuls Evil Disco, Miky One DJ and DJ Kino music , Genetic Waste and Inner Void, Blaksim, Clawfinger, Nina Fletcher music , Los Profetas Del Norte, Vigo , Pharrell Williams, Coburn vs Ram Jam music , Dangerradio, Horny United Welcomes Just 4 Funk music , Phil Weeks featuring DJ Red Eye , Atomic Kitten, Original Flavor , Yet Yauer, Wrong Design
Summary Box: H.J. Heinz 1Q results
EMERGING MARKETS: H.J. Heinz Co.'s fiscal first-quarter net income jumped 13 percent as the foodmaker's business boomed in growing overseas markets such as India, China and Russia.BOTTOM LINE: Net income rose 13 percent to $240.4 million, or 75 cents per share, topping analysts' expectations of 73 cents per share. Revenue rose 1.6 percent to $2.48 billion, slightly shy of analysts' $2.53 billion forecast.THE DRIVERS: Sales growth was propelled by products like nutritional beverages in India, infant formula in China and strong ketchup growth in Russia. Sales slid in Europe and other areas of the globe, as well as in the company's U.S. food-service division.Hyperavers featuringKate Leasing, Leed, Andy Holder presentsEthnic Integrations featuringJay Benham, Zuuls Evil Disco, Miky One DJ and DJ Kino music , Genetic Waste and Inner Void, Blaksim, Clawfinger, Nina Fletcher music , Los Profetas Del Norte, Vigo , Pharrell Williams, Coburn vs Ram Jam music , Dangerradio, Horny United Welcomes Just 4 Funk music , Phil Weeks featuring DJ Red Eye , Atomic Kitten, Original Flavor , Yet Yauer, Wrong Design