Mondelez Earnings, Revenue beat In Q1

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Mondelez Earnings, Revenue beat In Q1
Credit: © Reuters.

Investing.com - Mondelez (NASDAQ: MDLZ ) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Mondelez announced earnings per share of $0.69 on revenue of $6.71B. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $6.61B. That with comparison to EPS of $0.65 on revenue of $6.54B in the same period a year before.Mondelez had reported EPS of $0.61 on revenue of $6.91B in the previous quarter.Analysts are expecting EPS of $0.61 and revenue of $6.08B in the upcoming quarter.

Mondelez shares are up 18% from the beginning of the year and are trading at $51.45 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.74% year to date.

Mondelez shares gained 0.43% in after-hours trade the report.

Mondelez follows other major Consumer/Non-Cyclical sector earnings this month

Mondelez's report follows an earnings beat by Procter&Gamble on Friday, April 17, 2020, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.

Coca-Cola had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.

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

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