Canaccord Genuity Upgrades Mondelez International (MDLZ) to Buy (Earlier)
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Mondelez Int'l (MDLZ) Misses Q4 EPS by 2c; Announces Venezuela Accounting Change
February 3, 2016 8:05 AM ESTMondelez Int'l (NASDAQ: MDLZ) reported Q4 EPS of $0.46, $0.02 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $7.36 billion versus the consensus estimate of $7.27 billion.
Venezuela Accounting Change
The company also announced that, effective as of the end of the fourth quarter 2015, it began to account for its investments in its Venezuelan subsidiaries using the cost method of accounting. The change in accounting treatment reflects the loss of control due to the inability to operate in the normal course of business and the lack of currency... More
