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Tuesday, October 29, 2019

=Mondelez Int'l (MDLZ) reported earnings on Tue 29 Oct 2019 (a/h)



Mondelez Int'l beats by $0.04, reports revs in-line; raises FY19 guidance
  • Reports Q3 (Sep) earnings of $0.64 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.60; revenues rose 1.1% year/year to $6.36 bln vs the $6.34 bln S&P Capital IQ Consensus.
  • After strong year-to-date performance, the company now expects Organic Net Revenue growth of 3.5%+ (prior guidance 3%+). The company now expects Adjusted EPS growth of 5 to 7 percent on a constant-currency basis (prior guidance 5%). The company estimates currency translation would decrease net revenue growth by approximately 4% (prior guidance 3%) with a negative $0.14 impact to Adjusted EPS (prior guidance $0.11). In addition, the company continues to expect Free Cash Flow of approximately $2.8 bln.
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