Investing.com - Mondelez (NASDAQ:MDLZ) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mondelez announced earnings per share of $0.63 on revenue of $5.91B. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $5.9B.
Mondelez shares are up 6% from the beginning of the year , still down 7.05% from its 52 week high of $59.96 set on February 19. They are under-performing the Nasdaq which is up 15.93% from the start of the year.
Mondelez follows other major Consumer/Non-Cyclical sector earnings this month
Mondelez's report follows an earnings beat by Coca-Cola on July 21, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on July 13 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
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