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Thursday, November 3, 2011

Kraft Foods Beats Earnings $0.58 versus $0.56 (NYSE: KFT)

Kraft Foods Inc (KFT) announced their most recent earnings results for the quarter ended in September 2011. Analysts were expecting $0.56 per share, and the company reported $0.58 per share. Earnings were 3.57% larger than expected. An upside surprise. Investors might expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. Shares of KFT traded higher by 3.59% or $1.245/share to $35.88. In the past year, the shares have traded as low as $29.80 and as high as $36.30. On average, 12571600 shares of KFT exchange hands on a given day and today's volume is recorded at 6643961.