Mondelez Int (MDLZ) Reports In-Line Q1 EPS, FY EPS Guidance Tops Street

May 7, 2013 4:21 PM EDT
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Mondelez Int (NASDAQ: MDLZ) reported Q1 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $8.74 billion versus the consensus estimate of $8.68 billion.

Mondelez Int sees FY2013 EPS of $1.55-1.60, versus the consensus of $1.56.


"Lower coffee pricing and capacity constraints in certain markets are expected to continue to temper top-line growth in the second quarter," said David Brearton, Executive Vice President and CFO. "However, we expect a strong rebound in the back half of the year, and we remain on track to deliver Organic Net Revenue growth at the low end of our long-term growth target of 5 to 7 percent. We're also raising our Operating EPS outlook to $1.55 to $1.605, as we flow through a portion of the benefit from discrete tax items."

For earnings history and earnings-related data on Mondelez Int (MDLZ) click here.

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