Mondelez International Q1 2024 Adj EPS $0.95 Beats $0.89 Estimate, Sales $9.29B Beat $9.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mondelez International reported Q1 2024 adjusted EPS of $0.95, surpassing the $0.89 estimate, with sales of $9.29B exceeding the $9.16B forecast. This represents a 1.35% increase in sales compared to the same period last year.
April 30, 2024 | 8:07 pm
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Mondelez International's Q1 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth in sales compared to the same period last year further strengthens the company's financial outlook, making it likely that MDLZ's stock price will experience upward momentum in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100