• Kraft (NYSE:KFT) posted second-quarter results 2 cents above projections at 56 cents, as revenues fell 5.9% from a year ago to $10.16 billion, off estimates of $10.37 billion. For the year, the firm issued in-line guidance of $1.93, up from its prior view of $1.88

• Procter & Gamble (NYSE:PG), whose results were feared likely to show a negative impact from declining consumer spending, reported a one cent better than estimated fourth quarter earnings of 80 cents a share; however, revenues of $18.66 billion were below Street estimates of $19.32 billion.Fiscal 2010 guidance was issued of $3.65 to $3.80 a share, compared with Street projections of $3.76 a share

• Dean Foods (NYSE:DF) reported inline returns of 43 cents a share on revenues of $2.7 billion, versus estimates of $2.8 billion

• Sony (NYSE:SNE) announced plans for a new e-reader at a low price point of $199 in the US, aimed squarely at Amazon.com’s (NASDAQ:AMZN) costlier Kindle

• Transocean (NYSE:RIG) posted a 24 cents miss as results reached $2.79 a share, on in-line revenues of $2.9 billion

• Baker Hughes (NYSE:BHI) reported second quarter earnings of 41 cents a share, a nickel less than estimated, on revenues of $2.3 billion up from estimates of $2.25 billion

Zacks Investment Research