KRAFT FOODS HAS HIGHER-THAN-EXPECTED PROFIT

Kraft Foods, owner of brands such as Lacta and Trident, announced yesterday results far above Wall Street estimates, boosting shares.
Net profit in the first quarter totaled $ 456 million, or $ 0.76 per share, down from $ 483 million a year earlier. Net revenue increased to $ $4,55 billion.
Analysts expected profit of $ 0.64 per share and revenue of $ 4.48 billion. The company maintained profit perspective in 2013 of $ $2,75 per share.