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.Ann Peebles, Serge Mate, Jerry Mantron and the Supersonic Band 2004, Moody Manc music , Bahamadia music , Ghittoni and Beim music , Manuela Moura Guedes, Memory Man, Mu CA , Mulatu Astatke featuring Fekade Amde Maskal music , Richie Ruffino, Andy Tamashi featuringVictoria T, Clarence Gatemouth Brown, Stengun, Miles Dyson and Mark S music , Deems, Chill T , The Bevis Frond, B Noise and Anthony Joseph, Falah music
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.Ann Peebles, Serge Mate, Jerry Mantron and the Supersonic Band 2004, Moody Manc music , Bahamadia music , Ghittoni and Beim music , Manuela Moura Guedes, Memory Man, Mu CA , Mulatu Astatke featuring Fekade Amde Maskal music , Richie Ruffino, Andy Tamashi featuringVictoria T, Clarence Gatemouth Brown, Stengun, Miles Dyson and Mark S music , Deems, Chill T , The Bevis Frond, B Noise and Anthony Joseph, Falah music