Investing.com – Mondelez (NASDAQ:) reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Mondelez announced earnings per share of $0.61 on revenue of $6.91B. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $6.84B. That with comparison to EPS of $0.68 on revenue of $6.77B in the same period a year before. Mondelez had reported EPS of $0.68 on revenue of $6.36B in the previous quarter. Analysts are expecting EPS of $0.67 and revenue of $6.64B in the upcoming quarter.
Mondelez shares are down 0.96% from the beginning of the year and are trading at $55.01 , still down 3.83% from its 52 week high of $56.72 set on September 6, 2019. They are under-performing the which is up 0.88% year to date.
Mondelez shares gained 0.84% in after-hours trade after the report.
Mondelez follows other major Consumer/Non-Cyclical sector earnings this month
Mondelez’s report follows an earnings beat by Procter&Gamble on January 23, who reported EPS of $1.42 on revenue of $18.24B, compared to forecasts EPS of $1.21 on revenue of $17,147M.
Kimberly-Clark had beat expectations on January 23 with fourth quarter EPS of $1.71 on revenue of $4.58B, compared to forecast for EPS of $1.7 on revenue of $4.54B.
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