(RTTNews) - The Australian stock market is up sharply on Friday morning with the overnight strong upmove on Wall Street on the back of some encouraging economic reports triggering hectic buying across the board. Financial, energy, materials and industrials stocks are trading with strong gains. The benchmark S&P/ASX 200 index, which rose to 4,577, is ...

November 4th, 2009 - Kraft Foods (KFT) reported strong second-quarter results with earnings of 55 cents per share, above the Zacks Consensus Estimate of 48 cents. Quarterly earnings were also up 61.8% year-over-year. However, net revenues for the quarter declined 5.7% year-over-year to $9.8 billion, primarily due to the unfavorable negative 5.6% impact of foreign ...
Author: Zacks Investment Research