Investing.com - Mondelez (NASDAQ:MDLZ) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Mondelez announced earnings per share of $0.71 on revenue of $7.66B. Analysts polled by Investing.com anticipated EPS of $0.7187 on revenue of $7.58B.
Mondelez shares are down 4% from the beginning of the year, still down 2.88% from its 52 week high of $69.47 set on January 21. They are outperforming the Dow Jones which is down 5.99% from the start of the year.
Mondelez shares lost 2.33% in after-hours trade following the report.
Mondelez follows other major Consumer Staples sector earnings this month
Mondelez's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Estee Lauder had beat expectations on November 2, 2021 with first quarter EPS of $1.89 on revenue of $4.39B, compared to forecast for EPS of $1.7 on revenue of $4.25B.
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