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Kraft Foods profit declines

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(Globalpost/GlobalPost)

(Reuters) - Kraft Foods Group Inc <KRFT.O> reported lower quarterly earnings on Thursday despite higher revenue.

The U.S. maker of Maxwell House coffee, Oscar Mayer lunch meat and Planters nuts said net income was $456 million, or 76 cents per share, in the first quarter, down from $483 million, or 82 cents per share, a year earlier.

Net revenue rose to $4.55 billion.

(Reporting by Martinne Geller in New York; Editing by Bernard Orr)

http://www.globalpost.com/dispatch/news/thomson-reuters/130507/kraft-foods-profit-beats-street-shares-rise