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Mondelez Int'l (MDLZ) Tops Q3 EPS by 1c, Reaffirms Outlook

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October 28, 2015 8:04 AM EDT

Mondelez Int'l (NASDAQ: MDLZ) reported Q3 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $6.85 million versus the consensus estimate of $6.81 million.

Outlook

The company reaffirmed its outlook for 2015, as described below, as well as its Adjusted Operating Income margin target for 2016 of 15 percent to 16 percent.

Metric2015 Outlook
Organic Net Revenue Growth 2015: 3%+
Adjusted Operating Income Margin 2015: ~14% excluding (20)-(30) basis points of stranded overhead costs
Adjusted EPS 2015: Double-digit growth on a constant currency basis
Free Cash Flow excluding items1 2015: ~$1.0 billion

In addition, the company estimates foreign exchange translation to reduce 2015 net revenue growth by approximately 13 percentage points6 and Adjusted EPS by approximately $0.336 due to the strengthening of the U.S. dollar versus other currencies.

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


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