Mondelez International, Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Mondelez International, Inc. (MDLZ) announced a profit for second quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $601 million, or $0.45 per share. This compares with $944 million, or $0.69 per share, in last year's second quarter.

Excluding items, Mondelez International, Inc. reported adjusted earnings of $0.86 per share for the period.

Analysts on average had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.9% to $8.343 billion from $8.507 billion last year.

Mondelez International, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $601 Mln. vs. $944 Mln. last year. -EPS (Q2): $0.45 vs. $0.69 last year. -Revenue (Q2): $8.343 Bln vs. $8.507 Bln last year.