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Kraft's Adjusted Earnings Flat
Kraft Foods (KFT Quote) said third-quarter earnings rose to $1.4 billion, or 93 cents a share, on a gain from the company's exit from the Post cereal business, from $596 million, or 38 cents a share, a year earlier.
Earnings excluding one-time items were 44 cents a share, equal to a year earlier. Analysts surveyed by Thomson Reuters expected earnings of 43 cents a share.
Sales in the quarter rose to $10.5 billion from $8.8 billion a year earlier. ...
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