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Mondelez beats 2Q profit and revenue expectations

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DEERFIELD, Illinois — Mondelez International Inc. (MDLZ) on Thursday reported second-quarter profit of $406 million.

The Deerfield, Illinois-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 47 cents per share.

The results topped Wall Street expectations. The average estimate of eight 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 $7.66 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $7.48 billion.

Mondelez shares have climbed 19 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has climbed 13 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDLZ at http://www.zacks.com/ap/MDLZ

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Keywords: Mondelez, Earnings Report

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