Kraft Foods Inc
The maker of Oreo cookies, Cadbury chocolate and Oscar Mayer lunch meat said net income was $830 million, or 47 cents per share, in the fourth quarter, up from $540 million, or 31 cents per share, a year earlier.
Excluding items, earnings were 57 cents per share, in line with the analysts' average estimate, according to Thomson Reuters I/B/E/S.
Revenue was $14.7 billion, up 6.6 percent.
Kraft forecast 2012 net revenue growth of about 5 percent, including a hit of up to one percentage point from product pruning in North America.
The company said it expected operating earnings to rise at least 9 percent on a constant currency basis, reflecting a higher tax rate and a 4 percentage point hit from higher pension costs.
(Reporting by Martinne Geller in Boca Raton, Florida; Editing by Lisa Von Ahn)