DEERFIELD, Illinois — Mondelez International Inc. (MDLZ) on Wednesday reported fourth-quarter net income of $500 million.
On a per-share basis, the Deerfield, Illinois-based company said it had profit of 29 cents. Earnings, adjusted for one-time gains and costs, were 47 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The maker of Oreo cookies, Cadbury chocolate and Trident gum posted revenue of $8.83 billion in the period, which did not meet Street forecasts. Analysts expected $9.08 billion, according to Zacks.
For the year, the company reported profit of $2.18 billion, or $1.28 per share. Revenue was reported as $34.24 billion.
Mondelez shares have decreased slightly more than 1 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased roughly 9 percent in the last 12 months.
Keywords: Mondelez, Earnings Report
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