Mondelez International Q4 2023 Adj EPS $0.84 Beats $0.78 Estimate, Sales $9.31B Inline
Portfolio Pulse from Benzinga Newsdesk
Mondelez International (NASDAQ:MDLZ) reported Q4 2023 adjusted earnings per share (EPS) of $0.84, surpassing the consensus estimate of $0.78 by 7.69%. Quarterly sales were $9.31 billion, in line with estimates and representing a 7.12% increase from $8.70 billion in the same period last year.
January 30, 2024 | 9:08 pm
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Mondelez International reported a positive earnings surprise with an adjusted EPS of $0.84, beating estimates by 7.69%, and sales growth of 7.12% year-over-year.
Beating EPS estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported sales growth further reinforces the company's strong performance, likely contributing to a bullish outlook in the short term.
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