Kraft Foods earned $608 million, or 40 cents a share in the latest quarter, down from $702 million, or 43 cents a share, in the year-ago comparable period. Excluding special items, earnings remained unchanged at 44 cents a share. Sales rose 20.8% to $10.4 billion, helped by price increases and the weak U.S. dollar. Organic revenue for 2008, excluding acquisitions, is expected to be 5% higher than a year ago, up from the company’s earlier forecast of 4% growth. |
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