Its stock dropped 28 percent after the company announced a $12.6 billion loss for the fourth quarter. It said it was writing down the value of the Kraft and Oscar Mayer names by $15.4 billion.
Read more on NPR
Friday, 22 February 2019
loobobilly News: Kraft Heinz Stock Drops After Announcement Of Big Loss, SEC Probe
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Its stock dropped 28 percent after the company announced a $12.6 billion loss for the fourth quarter. It said it was writing down the value of the Kraft and Oscar Mayer names by $15.4 billion.
Read more on NPR
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