Kraft Foods Profit Rises 13%

Kraft Foods Inc., the world’s second largest food company, said Thursday after the markets closed that its second quarter profit rose 13% from last year, helped by growth in the company’s base business and the acquisition of British confectioner Cadbury. The company’s quarterly earnings per share, excluding items, also came in above analysts’ expectations. At the same time, the company maintained its earnings outlook for the full year 2010, but trimmed its full year revenue growth forecast.