Mondelez Int'l Q2 Profit Declines; Backs FY13 Outlook - Quick Facts

(RTTNews) - Packaged food products maker Mondelez International Inc. (MDLZ) Tuesday reported second-quarter net income attributable to the company of $616 million or $0.34 per share, compared to $1.0 billion or $0.58 per share in the comparable quarter last year.

Excluding items, operating earnings from continuing operations for the quarter were $0.37 per share, compared with $0.36 per share a year ago.

Revenues for the quarter were $8.60 billion, up 0.8% from $8.53 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.34 per share on revenues of $8.62 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal year 2013, the company said it is reaffirming its adjusted earnings guidance to a range of $1.55 to $1.60 per share, and organic net revenue growth at the low end of 5 to 7 percent range.

Analysts currently expect earnings of $1.55 per share on revenues of $35.86 billion for the year.