Mondelez (MDLZ) Tops Q3 EPS by 1c

Mondelez (NASDAQ: MDLZ) reported Q3 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $6.29 billion versus the consensus estimate of $6.32 billion.

Mondelēz International provides guidance on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details. The company now expects full year 2018 Organic Net Revenue growth to be approximately 2 percent. The company maintains its outlook for Adjusted Operating Income margin of approximately 17 percent and double-digit Adjusted EPS growth on a constant-currency basis. The company estimates currency translation would decrease net revenue growth by approximately 1 percent3 with a negative $0.02 impact to Adjusted EPS3. In addition, the company continues to expect Free Cash Flow1 of approximately $2.8 billion.

For earnings history and earnings-related data on Mondelez (MDLZ) click here.

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