UPDATE: Heinz Posts Rise In Q1 Profit

H.J. Heinz Co HNZ reported a rise in its first-quarter profit. Heinz's quarterly net income surged to $258 million, or $0.80 per share, from $226.1 million, or $0.70 per share, in the year-ago period. Its profit from continuing operations came in at $0.87 per share, while sales fell 1.5% to $2.79 billion. Heinz shares gained 1.64% to $58.35 in after-hours trading.