UPDATE: Kraft Foods Posts In-Line Q4 Profit

Kraft Foods Inc

posted a rise in its fourth-quarter net profit. Kraft Foods' quarterly net profit climbed to $830 million, or $0.47 per share, from $540 million, or $0.31 per share, in the year-earlier period. Its revenue gained 6.6% to $14.69 billion, from $13.77 billion. Kraft Foods' adjusted profit came in at $0.57 per share. However, analysts were expecting earnings at $0.57 per share on revenue of $14.8 billion. KFT shares dropped 0.58% to $37.79 in pre-market trading.