On Wednesday, Kraft Foods Inc. (NYSE:KFT) reported net income of $1.4 billion, or $0.93 a share, compared to the $596 million, or $0.38 a share, posted in the year-ago period. Sales for the period climbed 19% to $10.5 billion. Analysts had expected earnings of $0.44 a share, which were in-line with ex-items earnings. The company, which sold its Post cereal business to Ralcorp for $1.7 billion in stock in August, now expects 2008 earnings of $1.96 a share, up from its previous outlook of $1.54 a share.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html