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Mondelez: 3Q Earnings Snapshot

·1 min read

DEERFIELD, Ill. (AP) _ Mondelez International Inc. (MDLZ) on Monday reported third-quarter profit of $1.12 billion.

The Deerfield, Illinois-based company said it had net income of 78 cents per share. Earnings, adjusted for non-recurring gains, came to 63 cents per share.

The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 63 cents per share.

The maker of Oreo cookies, Cadbury chocolate and Trident gum posted revenue of $6.67 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $6.49 billion.

Mondelez shares have declined slightly more than 1% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2.5%. In the final minutes of trading on Monday, shares hit $54.34, an increase of nearly 4% 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