Mondelez beats 3Q net income expectations, misses revenue forecasts

Mondelez International Inc. (MDLZ) on Wednesday reported earnings of $899 million in its third quarter.

The Deerfield, Illinois-based company said it had profit of 53 cents per share. Earnings, adjusted for one-time gains and costs, were 50 cents per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The maker of Oreo cookies, Cadbury chocolate and Trident gum posted revenue of $8.34 billion in the period, which fell short of Street forecasts. Analysts expected $8.41 billion, according to Zacks.

Mondelez expects full-year earnings in the range of $1.70 to $1.75 per share.

Mondelez shares have dropped roughly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 9 percent. The stock has increased 4 percent in the last 12 months.


This story was generated by Automated Insights ( ) using data from Zacks Investment Research. MDLZ stock research report from Zacks: .


Keywords:Mondelez,Earnings Report