Kraft's Q1 results top analyst expectations

05/2/2013 | CNBC

Kraft Foods Group has exceeded analyst forecasts with first-quarter revenue of $4.55 billion and earnings of 76 cents per share. "Our first-quarter results reflect strong returns on our new product innovations to date, as well as the fact that our cost savings outpaced our plans to reinvest in our brands," CEO Tony Vernon said.

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