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Mondelez Earnings, Revenue Beat in Q3 By Investing.com

© Reuters. Mondelez Earnings, Revenue Beat in Q3
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Investing.com – Mondelez (NASDAQ:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Mondelez announced earnings per share of $0.74 on revenue of $7.76B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $7.41B.

Mondelez shares are down 58% from the beginning of the year, still down 10.94% from its 52 week high of $69.47 set on January 21.

Mondelez shares gained 2.31% in after-hours trade following the report.

Mondelez follows other major Consumer Staples sector earnings this month

Mondelez’s report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.

Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Story Credit: investing.com

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