Mondelez International, Inc. Q3 Profit Decreases, but beats estimates

(RTTNews) - Mondelez International, Inc. (MDLZ) revealed a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $532 million, or $0.39 per share. This compares with $1.26 billion, or $0.89 per share, in last year's third quarter.

Excluding items, Mondelez International, Inc. reported adjusted earnings of $1.02 billion or $0.74 per share for the period.

Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.1% to $7.76 billion from $7.18 billion last year.

Mondelez International, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $532 Mln. vs. $1.26 Bln. last year. -EPS (Q3): $0.39 vs. $0.89 last year. -Analyst Estimates: $0.69 -Revenue (Q3): $7.76 Bln vs. $7.18 Bln last year.