HAIN Leads Consumer Staples With Investors Cheers

Kraft Foods Inc. (NYSE:KFT) reported its results for the first quarter. Net income for Kraft Foods Inc. rose to $813 million (46 cents per share) vs. $799 million (45 cents per share) in the same quarter a year earlier. This marks a rise of 1.8% from the year-earlier quarter. Revenue rose 4.1% to $13.09 billion from the year-earlier quarter. Kraft Foods Inc. fell short of the mean analyst estimate of 56 cents per share. Analysts were expecting revenue of $13.04 billion.

Sara Lee Corp. (NYSE:SLE) reported its results for the third quarter. Net income for Sara Lee Corp. fell to $123 million (6 cents per share) vs. $185 million (25 cents per share) a year earlier. This is a decline of 33.5% from the year-earlier quarter. Revenue rose 3% to $1.86 billion from the year-earlier quarter. Sara Lee Corp. reported adjusted net income of 20 cents per share. By that measure, the company fell short of mean estimate of 25 cents per share. It fell short of the average revenue estimate of $1.95 billion.