Investing.com - Mondelez (NASDAQ:MDLZ) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mondelez announced earnings per share of $0.74 on revenue of $7.76B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $7.41B.
Mondelez shares are down 58% from the beginning of the year and are trading at $63.30 , down-from-52-week-high.
Mondelez shares gained 2.31% 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 Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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