Kraft posted sales that missed Wall Street expectations Thursday.
Kraft posted earnings of $1.54 a share, including $1.11 a share worth of items tied to its retirement plans. It is unclear whether the figure is comparable to the 61-cent estimate from Thomson Reuters. Meanwhile, the company reported sales of $4.60 billion, slightly short of expectations for $4.63 billion. The company noted that a recall of its string cheese hurt its cheese unit.
Shares fluctuated in volatile trading following the report. (Click here to get the latest quotes.)
A year earlier, Kraft earned $90 million, or 15 cents per share.