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Jan. 29, 2020, 5:15 p.m. EST

Mondelez stock rises after revenue tops Street view

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By Wallace Witkowski

MDLZ

Mondelez International Inc. /zigman2/quotes/201769764/composite MDLZ +2.42% shares rose in the extended session Wednesday after the snack company reported in-line earnings with slightly higher-than-expected revenue. Mondelez shares rose 3% after hours, following a 0.5% decline in the regular session to close at $54.56. The company reported fourth-quarter net income of $729 million, or 50 cents a share, compared with $823 million, or 56 cents a share, in the year-ago period. Adjusted earnings were 61 cents a share. Revenue rose to $6.91 billion from $6.77 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 61 cents on revenue of $6.78 billion.

/zigman2/quotes/201769764/composite
US : U.S.: Nasdaq
$ 52.53
+1.24 +2.42%
Volume: 15.53M
June 5, 2020 4:00p
P/E Ratio
20.60
Dividend Yield
2.17%
Market Cap
$73.21 billion
Rev. per Employee
$324,225
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