Kraft Foods Group Inc., parent of Oscar Mayer, posted third-quarter earnings of $446 million (74 cents per share). When adjusted for nonrecurring costs, the company’s earnings were 78 cents a share. On average, analysts had predicted 75 cents per share.
The company’s third-quarter revenues came in at $4.4 billion, lower than analyst predictions of $4.52 billion.
Kraft shares have increased nearly 6% since the beginning of the year.
