Wednesday, January 30, 2008

Kraft Guides Lower...

Kraft Foods reports EPS in-line, beats on revs; guides FY08 EPS below consensus (KFT) 30.19 : Reports Q4 (Dec) earnings of $0.44 per share, in-line with the First Call consensus of $0.44; revenues rose 10.9% year/year to $10.4 bln vs the $10.05 bln consensus.

Co issues downside guidance for FY08, sees EPS of $1.90, excluding $0.34 in costs related to restructuring, vs. $1.94 consensus.

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