SAN FRANCISCO (MarketWatch)
Kraft Foods late
Thursday reported first-quarter profit rose 1.8% to $813 million, or 46 cents a
share, from $799 million, or 45 cents a share, in the same 2011 period
Sales
for the maker of Oscar Mayer lunch meats and Cadbury chocolates increased 4% to
$13.1 billion Organic sales growth was 6.5%
Prices were up 5.5%
Volume ticked
up 1%
Excluding items, Kraft said operating earnings were 57 cents
That was 1
cent higher than the consensus analyst forecast, according to FactSet
Kraft
backed its 2012 outlook
In recent months, Kellogg and General
Mills have
cut their targets
Kraft, the world's No. 2 food company, plans to split its
snacks and grocery units by the end of this year
Its shares -- trading near
52-week highs -- are up 17% over the past 12 months, outpacing the 3% gain for
the Dow Jones Industrial Average
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
viernes, 4 de mayo de 2012
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