Mondelez beats first-quarter profit estimates
ReutersApr 29, 2025 8:10 PM
April 29 (Reuters) - Cadbury-parent Mondelez International MDLZ.O beat Wall Street estimates for first-quarter profit on Tuesday, driven by resilient demand for its high-priced chocolates and biscuits while cocoa prices eased.
On an adjusted basis, the company earned 74 cents per share for the quarter, compared with analysts' average estimate of 66 cents per share, according to data compiled by LSEG.
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