Rochester, NY 8/11/2009 11:03:16 AM
After Hours - Kraft Foods Inc., KFT - Kraft Foods Profit Rise by 11 Percent on Second Quarter
Kraft Foods Inc.
Kraft Foods Inc. announced the rose in profit by 11 percent by second quarter, considering its revenue slipped as the dollar's strength weighed down international sales.
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The second quarter earnings beat analyst expectations, and the company boosted its profit guidance for fiscal 2009, saying it expects to see benefits from its recently completed restructuring, some cost cutting, and focusing more on improving its products.
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