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Empresas y finanzas

Kraft profit falls on costs


    NEW YORK (Reuters) - Kraft Foods Inc reported lower quarterly earnings on Thursday, hurt by costs related to its acquisition of Cadbury.

    The company, maker of Maxwell House coffee, Oreo cookies and Velveeta cheese, said fourth-quarter net income was $540 million, or 31 cents per share, down from $710 million, or 48 cents per share, a year earlier.

    Sales jumped 30 percent to $13.77 billion, due mostly to the acquisition of Cadbury.

    Kraft shares closed at $31.11 on the New York Stock Exchange on Thursday, down 0.4 percent.

    (Reporting by Martinne Geller; Editing by Steve Orlofsky)