Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Kraft Foods 1Q profit rises 10 percent

Send a link to a friend

[May 05, 2009]  NORTHFIELD (AP) -- Kraft Foods says its first-quarter profit rose 10 percent even as sales dropped as consumers pulled back on their spending.

InsuranceThe maker of Velveeta, Oreo cookies and Maxwell House coffee said Tuesday it earned $660 million, or 45 cents per share in the three-month period ending in March. That compares to earnings of $599 million, or 39 cents per share, a year earlier.

The Northfield, Ill.-based company says revenue fell 6.5 percent to $9.4 billion from $10.05 billion.

The earnings beat analyst predictions for a profit of 40 cents a share. But revenue fell short of analysts' expectation for $9.67 billion.

[Associated Press]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Investments

Investments

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor