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Mondelez International: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Mondelez International (NASDAQ:MDLZ) fell 1.44% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 1.56% year over year to $0.63, which beat the estimate of $0.62.

Revenue of $6,665,000,000 up by 4.88% from the same period last year, which beat the estimate of $6,480,000,000.

Looking Ahead

Mondelez Sees FY20 Net Sales Growth 3.5%, Adj. EPS Growth 5%

Details Of The Call

Date: Nov 02, 2020

Time: 05:00 PM

View more earnings on MDLZ

ET Webcast URL: https://edge.media-server.com/mmc/p/ofxvezgg

Technicals

52-week high: $59.96

Company's 52-week low was at $41.19

Price action over last quarter: down 4.31%

Company Profile

Mondelez has operated as an independent organization following its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (44% of sales), chocolate (32%), gum/candy (13%), beverage (4%), and cheese and grocery (7%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, Trident, and Cadbury, among others. The firm derives just over one third of revenue from developing markets, a similar level from Europe, and the remainder from North America.

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