Mondelez: 2Q Earnings Snapshot
DEERFIELD, Ill. (AP) _ Mondelez International Inc. (MDLZ) on Tuesday reported second-quarter earnings of $807 million.
On a per-share basis, the Deerfield, Illinois-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs, came to 57 cents per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 57 cents per share.
The maker of Oreo cookies, Cadbury chocolate and Trident gum posted revenue of $6.06 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $5.97 billion.
Mondelez shares have risen 37% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. In the final minutes of trading on Tuesday, shares hit $54.81, a rise of 27% in the last 12 months.