Kraft (KFT +1.5%) expects full year EPS to be $2.28 against an earlier estimate of $2.27 and...

|By:, SA News Editor

Kraft (KFT +1.5%) expects full year EPS to be $2.28 against an earlier estimate of $2.27 and analyst forecasts for $2.29. Revenues are expected 10% higher vs. consensus of 10.3%. The company plans to cut 1.6K jobs to prepare for the 2012 spinoff of its grocery business from the snacks division.