Skip to:

Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

Considered view
04 Nov 2009 08:29

Sweet tooth

By Aliza Rosenbaum

SIGN UP FOR A FREE TRIAL
signup

Simply complete all fields and click Submit.

 

I agree to the terms and conditions of use appropriate to my region.

Context News

Kraft reported third-quarter profit of 55 cents a share on November 3, beating analysts’ estimates of 48 cents a share. Revenue was $9.8bn, missing the average analyst estimate of $10.2bn.

The company said that net organic growth would be 2% in 2009, down from a prior estimate of 3%. It expects earnings per share for the full year to be at least $1.97, up 4 cents from a previous forecast.

 

 



RELATED STORIES

21 Oct 2009 -
Yum yum
8 Sep 2009 -
Not too sweet
The Oreo-maker beat profit estimates for the third quarter, but cut its sales forecast for the year. That makes faster-growing Cadbury even more attractive. Yet Kraft would still struggle to justify raising its offer for the UK confectioner much more.

Sign up for a free trial to read the rest of this subscriber-only content, or if you are already a member please sign in here.

Forgotten your password? Get a password reminder.



More stories by:  Aliza Rosenbaum

Click here

Share