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Empresas y finanzas

Kraft 2nd-quarter profit up, raises full-yr view


    SAN FRANCISCO (Reuters) - Kraft Foods Inc posted higher-than-expected quarterly profit on Tuesday as price increases, cost cuts and people eating more food at home helped boost results.

    The largest North American food maker also raised its full-year profit forecast, citing its strong performance so far this year.

    The maker of Oreo cookies, Maxwell House coffee and a host of other well-known products said net income attributable to Kraft Foods rose to $827 million, or 56 cents a share in the second quarter, from $745 million, or 49 cents a share, a year earlier.

    Analysts, on average, forecast earnings of 54 cents per share, according to Reuters Estimates.

    Kraft said it now expects 2009 earnings per share to be "at least $1.93," up from an earlier view of $1.88 per share.

    (Reporting by Nicole Maestri; editing by Carol Bishopric)