date:Feb 14, 2014
hare, up from $90 million, or 15 cents per share, a year ago.
Earnings from the latest quarter included a $1.11 per share accounting gain due to higher discount rates and asset returns that benefited its pension and retiree medical plans.
Net revenue grew 2.3 percent to $4.6 billion with the company selling more goods and a greater proportion of higher-priced products. That was slightly offset by lower prices to offset lower costs for ingredients such as raw nuts and coffee beans.
Kraft, whos