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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.