Mondelez Earnings Beat, Revenue Misses In Q2
2022.07.27 02:02
Mondelez Earnings Beat, Revenue Misses In Q2
Investing.com – Mondelez (NASDAQ:MDLZ) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Mondelez announced earnings per share of $0.67 on revenue of $7.27M. Analysts polled by Investing.com anticipated EPS of $0.6412 on revenue of $6.8B.
Mondelez shares are down 2% from the beginning of the year, still down 9.40% from its 52 week high of $69.47 set on January 21. They are outperforming the S&P 500 which is down 17.73% from the start of the year.
Mondelez shares gained 0.78% 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 Coca-Cola on Tuesday, who reported EPS of $0.7 on revenue of $11.33B, compared to forecasts EPS of $0.6693 on revenue of $10.54B.
PepsiCo had beat expectations on July 12 with second quarter EPS of $1.86 on revenue of $20.23B, compared to forecast for EPS of $1.74 on revenue of $19.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
