Mondelez Says Due To Reporting Of Jdep's Results On Q1 Lag Basis, Impact Of Sale Of Shares Will Affect Non-GAAP Financial Results Beginning With Q3
Portfolio Pulse from Benzinga Newsdesk
Mondelez has announced that due to the reporting of JDEP's results on a Q1 lag basis, the impact of the sale of shares will affect its non-GAAP financial results beginning with Q3.
October 10, 2023 | 8:14 pm
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NEGATIVE IMPACT
The sale of shares by Mondelez will affect its non-GAAP financial results from Q3 due to JDEP's Q1 lag basis reporting.
The sale of shares is a significant event for any company and can impact its financial results. In this case, Mondelez's non-GAAP financial results will be affected from Q3 due to the reporting of JDEP's results on a Q1 lag basis. This could potentially lead to a negative impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100