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Kraft Foods profit exceeds Wall Street estimates, shares rise
date:May 03, 2013
Still, the U.S. maker of Maxwell House coffee, Oscar Mayer lunch meat and Planters nuts stood by its full-year forecast as it expects to continue investing.

I don't want you to think that we're off to the races in terms of underlying profit and earnings growth, said Chief Financial Officer Tim McLevish.

Net income was $456 million, or 76 cents per share, in the first quarter, down from $483 million, or 82 cents per share, a year earlier, before the company separated from Mondelez International

12/24 20:06