
Mondelez International reported strong financial results for the third quarter of 2024, surpassing analysts' expectations. The company announced adjusted earnings per share (EPS) of $0.99, exceeding the estimate of $0.85. Additionally, its net revenue reached $9.20 billion, higher than the forecast of $9.11 billion. Mondelez also achieved an adjusted gross margin of 40.5%, surpassing the expected 37.9%. The results reflect the effectiveness of the company's varied pricing strategies. Mondelez's market capitalization stands at approximately $92.54 billion.
Mondelez Int'l beats by $0.14, reports revs in-line $MDLZ
🍫 Mondelez surpasses Q3 revenue estimates, supported by varied pricing strategies Tickers of interest: $MDLZ Full Story → https://t.co/MBr6wROO1U https://t.co/ohRl3Ridwi
MONDELEZ Q3 2024 EARNINGS RESULTS: ADJUSTED EARNINGS PER SHARE (EPS): $0.99 (VS. ESTIMATE OF $0.85) || NET REVENUE: $9.20 BILLION (VS. ESTIMATE OF $9.11 BILLION) || ADJUSTED GROSS MARGIN: 40.5% (VS. ESTIMATE OF 37.9%)