Oreo Maker Mondelez Beats First-quarter EPS, Sales Expectations

By Claudia AssisMarketsMarketWatch Pulse

Shares of Mondelez International Inc. rose more than 2% late Tuesday after the company reported adjusted first-quarter earnings and sales above Wall Street expectations. Mondelez said it earned $630 million, or 41 cents a share, compared with $554 million, or 35 cents a share, in the year-ago period. Adjusted for one-time items, Mondelez earned $826 million, or 53 cents a share, in the period, compared with 51 cents a share a year ago. Sales declined slightly to $6.41 billion, compared with $6.45 billion a year ago. Analysts polled by FactSet had expected adjusted quarterly earnings of 50 cents a share on sales of $6.37 billion. Mondelez ended the regular trading session down 0.7%.

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