Thestreet.com
0
All posts from Thestreet.com
Thestreet.com in Thestreet.com,

Mondelez Int’l (MDLZ) Stock Soars on Earnings Beat

NEW YORK (TheStreet) -- Mondelez International (MDLZ - Get Report) stock is up 4.78% to $45.16 on heavy trading volume on Thursday after the company reported better than expected earnings results for the 2015 second quarter.

The company posted adjusted earnings of 47 cents per diluted share on revenue of $7.66 billion for the second quarter of 2015.

Mondelez was expected to report earnings of 39 cents per share on revenue of $7.49 billion for the second quarter of this year, according to analysts surveyed by Thomson Reuters.

Second quarter results were attributed to higher prices and...


More