STOCKS NEWS US-Kraft Q3 profit tops expectations, revs miss - News

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STOCKS NEWS US-Kraft Q3 profit tops expectations, revs miss

By: AFX | 04 Nov 2009 | 07:08 AM ET

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Stocks on the move Real-time Equity news U.S. stock market report 0640 EST 04Nov2009-Kraft Q3 earnings beat expectations, revs miss ------------------------------------------------------------------------------ Kraft Foods Inc reported third-quarter earnings that beat expectations late Tuesday, though revenues were below consensus. The Dow component also cut its full-year sales forecast. For details, see Following the release of the results, analysts cut their estimates of what the company could afford to pay in its bid to take over Cadbury Plc. Shares of Kraft closed Tuesday at $27.54. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0635 EST 04Nov2009-Crude oil rises on inventory data ------------------------------------------------------------------------------ December crude futures rose on Wednesday after an industry report showed crude stockpiles unexpectedly fell. A weaker U.S. dollar also provided support. For details, see The contract gained 0.6 percent to $80.06 per barrel. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0623 EST 04Nov2009-Economic diary for Nov. 4 ------------------------------------------------------------------------------ Companies scheduled to report quarterly results on Wednesday include: Cisco Systems Inc, News Corp, Marsh & McLennan Cos Inc, Allstate Corp and XTO Energy Inc. For details, see Economic indicators on tap for Wednesday include October Challenger layoffs, October ADP employment data and ISM non-manufacturing data for October. In addition, FOMC meeting results will be released Wednesday afternoon. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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