Mondelez Q1 Adj. EPS Tops View - Quick Facts

(RTTNews) - Mondelez International Inc. (MDLZ) reported that its first-quarter net earnings attributable to the company rose to $324 million or $0.19 per share, from $163 billion or $0.09 per share the comparable quarter last year.

Adjusted net income for the latest first-quarter was $687 million or $0.41 per share, compared to $669 million or $0.39 per share in the prior year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the latest quarter dropped to $7.76 billion from $8.64 billion in the prior year, while 13 analysts expected revenues of $7.72 billion.

In 2015, the company continues to expect Organic Net Revenue growth of at least 2 percent, Adjusted Operating Income margin to be approximately 14 percent and Adjusted earnings per share to increase at a double-digit rate on a constant-currency basis.

The company estimates foreign exchange translation to reduce 2015 net revenue growth by approximately 12 percentage points and Adjusted earnings per share by approximately $0.33 due to the strengthening of the U.S. dollar versus other currencies.