Kraft Heinz beats third-quarter expectations on lower costs, higher prices
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(Reuters) - Kraft Heinz Co beat analyst expectations for third-quarter profit on Thursday as the packaged food company reined in costs and increased prices in the face of slowing demand for some of its key brands.Shares in the Chicago-based maker of Heinz ketchup and Velveeta cheese were indicated up about 7% at $30.45 in premarket trading.The earnings beat comes after a rough year for Kraft Heinz, which slashed dividends and scrapped its full-year forecast after booking billions of dollars in..