9:57 am Kraft Foods Sees Down Q3 Results; Increasing Commodity Prices Weigh on Revenues
Food and beverage manufacturer Kraft Foods (KRFT 55.44, -1.47) is trading about 2.5% lower today after reporting slightly worse than expected Q3 results yesterday after the close. The company posted GAAP earnings per share of $0.74 although it appears to include some unusual items. Revenue was basically flat year-over-year at $4.4 billion.
Everyone is probably familiar with Kraft Foods but they may not know all the major brands it owns. It's one of North America's largest consumer …More