Kraft Foods Q3 Profit Rises, Lifts FY13 Outlook - Quick Facts

(RTTNews) - Kraft Foods Group, Inc. (KRFT) third-quarter profit of $500 million or $0.83 per share, up from $466 million or $0.79 per share in the same period last year.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.69 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped 4.2 percent to $4.39 billion from $4.59 billion last year. Analysts expected revenues of $4.56 billion. Organic revenues were down 4.1 percent from last year. Looking ahead, the company currently projects full-year earnings of approximately $3.58 per share, up from its prior estimate of $3.40 per share. Analysts currently expect full-year earnings of $2.80 per share.