Mondelez International: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Mondelez International (NASDAQ:MDLZ) reported Q4 earnings with an EPS of $0.84, beating estimates by 9.09% against the expected $0.77. Revenue increased by $619 million from the same period last year. Historically, past earnings beats were followed by share price increases, such as a 1.72% rise after last quarter's earnings beat.
January 30, 2024 | 9:25 pm
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Mondelez International reported a positive Q4 earnings beat with an EPS of $0.84, exceeding estimates by 9.09%, and a significant year-over-year revenue increase.
Given Mondelez's history of stock price increases following earnings beats, the positive Q4 report exceeding estimates by 9.09% and showing substantial revenue growth suggests a likely short-term positive impact on MDLZ's stock price.
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