date:Jul 31, 2014
on half its products.
The company said its net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago when the company benefited from a gain tied to employee pensions. Analysts on average were expecting 82 cents a share, according to Thomson Reuters I/B/E/S.
Excluding the benefit, Kraft said operating income rose roughly 10 percent to $874 million. Its shares were down 2 percent in after-market trading.
Commodity costs were not the only challeng