Mondelez: 2Q Earnings Snapshot

DEERFIELD, Ill. (AP) _ Mondelez International Inc. (MDLZ) on Wednesday reported second-quarter net income of $323 million.

The Deerfield, Illinois-based company said it had profit of 22 cents per share. Earnings, adjusted for non-recurring costs, came to 56 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The maker of Oreo cookies, Cadbury chocolate and Trident gum posted revenue of $6.11 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $6.08 billion.

Mondelez shares have decreased 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 6.5 percent. In the final minutes of trading on Wednesday, shares hit $41.50, a drop of 6 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 https://www.zacks.com/ap/MDLZ