Mondelez's (MDLZ) Stock Up on Q4 Earnings & Revenue Beat
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Q4 Performance
Adjusted earnings of 61 cents per share surpassed the Zacks Consensus Estimate by a penny. On a constant-currency (cc) basis, adjusted earnings remained flat year over year. Improved sales seem to have been offset by lower adjusted margins.
Net revenues advanced 2.1% year over year to $6,913 million and surpassed the Zacks Consensus Estimate of $6,836 million. The upside was backed by organic net revenues, which grew 4.1% on favorable pricing and volume/mix in emerging and developed markets. However, currency headwinds were a deterrent.
Revenues from emerging markets rose 4% to $2,538 million, while the same increased 8.2% on an organic basis. Revenues from developed markets inched up 1% to $4,375 million, while the same grew 1.8% on an organic basis.
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https://finance.yahoo.com/news/mondelezs...12653.html
...
Q4 Performance
Adjusted earnings of 61 cents per share surpassed the Zacks Consensus Estimate by a penny. On a constant-currency (cc) basis, adjusted earnings remained flat year over year. Improved sales seem to have been offset by lower adjusted margins.
Net revenues advanced 2.1% year over year to $6,913 million and surpassed the Zacks Consensus Estimate of $6,836 million. The upside was backed by organic net revenues, which grew 4.1% on favorable pricing and volume/mix in emerging and developed markets. However, currency headwinds were a deterrent.
Revenues from emerging markets rose 4% to $2,538 million, while the same increased 8.2% on an organic basis. Revenues from developed markets inched up 1% to $4,375 million, while the same grew 1.8% on an organic basis.
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https://finance.yahoo.com/news/mondelezs...12653.html
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