Kraft Foods Inc. (KFT) reported that its third-quarter net earnings attributable to Kraft Foods were $824 million or $0.55 per share, compared to $1.362 billion or $0.91 per share in the same quarter last year.
Earnings from continuing operations for the quarter were $826 million, up from $520 million in the year ago quarter. On a per basis, net income from continuing operations for the quarter was $0.55, up from $0.34 last year.
Net revenues for the quarter were $9.80 billion, compared to $10.40 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share on revenues of $10.32 billion for the quarter. Analysts' estimates typically exclude special items.
The company raised its 2009 earnings guidance to at least $1.97 from prior expectation of at least $1.93 per share. Analysts expect the company to report earnings of $1.97 per share for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.