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Kraft earnings in line; forecasts revenue growth

Kraft Foods reported a higher quarterly profit in line with Wall Street estimates on Tuesday, citing revenue growth and cost cuts.

The maker of Oreo cookies, Cadbury chocolate and Oscar Mayer lunch meat said net income was USD830 million, or 47 cents per share, in the fourth quarter, up from USD540 million, or 31 cents per share, a year earlier.

(Source: CNBC)