USA: Kraft Foods continues on target for 2001 earnings estimate
Speaking at an investor conference on Thursday (1 November), Betsy D. Holden and Roger K. Deromedi, Co-CEOs of Kraft Foods Inc. (NYSE: KFT), reported that the company's performance continues to be strong and is on target to achieve earnings expectations for the year. Holden and Deromedi spoke at the UBS Warburg Global Consumer Conference, held in New York City. They reaffirmed that Kraft continues to project pro forma earnings per share of $1.18 to $1.21 for all of 2001, and pro forma cash earnings per share of $1.74 to $1.77. Pro forma results assume Kraft had acquired Nabisco and concluded its IPO on January 1, 2000.
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