SAN FRANCISCO – Mondelez International Inc. reported fourth-quarter results that fell short of the Wall Street consensus while providing an outlook that topped estimates in the extended session Wednesday. The snack foods company reported fourth-quarter earnings of $1.76 billion, or $1 a share, up from $569 million, or 32 cents a share, in the year-ago period. Excluding one-time items, the company reported earnings of 42 cents a share. Revenue decreased to $9.49 billion from $9.5 billion in the year-ago quarter. Analysts surveyed by FactSet were looking for earnings of 44 cents a share on revenue of $9.6 billion. Mondelez's outlook for 2014, however, was above the mark. The company called for adjusted earnings in the range of $1.73 to $1.78 a share, while the analyst consensus is at $1.71. Shares of Mondelez rose 0.3% to $33.30 on moderate volume.
Copyright © 2014 MarketWatch, Inc.