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The Boston Globe

Business

Kraft Foods expects lower 4Q revenue

NORTHFIELD, Ill. — Kraft Foods, the company behind brands such as Oscar Mayer and Miracle Whip, said Friday that it expects to report lower revenue for the fourth quarter and raised its earnings forecast for this year.

‘‘The fourth quarter was one of real progress and some significant disappointment,’’ Kraft chief executive Tony Vernon told investors during a conference call Friday. ‘‘We made great strides in productivity, profit, and cash, but we really missed our topline.’’

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