Mondelez earnings, record revenues in the fourth quarter

Investing.com – Mondelez (NASDAQ:MDLZ) on Wednesday reported fourth-quarter earnings that topped analyst forecasts and revenue that topped expectations.

Mondelez announced earnings per share of $0.61 on revenue of $6.91 billion. Analysts polled by Investing.com expected EPS of $0.6 on revenue of $6.84 billion. This compared to EPS of $0.68 on revenue of $6.77 billion in the same period a year earlier. In the previous quarter, Mondelez saw EPS of $0.68 on revenue of $6.36 billion. Analysts expect EPS of $0.67 and revenue of $6.64 billion for the coming quarter.

Mondelez shares are down 0.96% year-to-date and are trading at $55.01, still down 3.83% from the 52-week high of $56.72 set on September 6, 2019. They are weaker than the S&P 500 index, which increased by 0.88% year over year. Meet with someone.

Mondelez shares gained 0.84% in after-hours trading after the report.

Mondelez tracks other key consumer/non-cyclical sector results this month

Mondelez’s report follows an earnings beat by Procter & Gamble on January 23, which reported EPS of $1.42 on revenue of $18.24 billion compared to forecast EPS of $1.21 on revenue of $17,147 million .

As of January 23, Kimberly-Clark exceeded expectations with fourth quarter EPS of $1.71 on revenue of $4.58 billion compared to forecast EPS of $1.7 on revenue of $4.54 billion .

Stay up to date with all upcoming earnings reports by visiting the earnings calendar on Investing.com

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