NEW YORK (TheStreet) -- Mondelez International (MDLZ) - Get Report stock is up 4.78% to $45.16 on heavy trading volume on Thursday after the company reported better than expected earnings results for the 2015 second quarter.
The company posted adjusted earnings of 47 cents per diluted share on revenue of $7.66 billion for the second quarter of 2015.
Mondelez was expected to report earnings of 39 cents per share on revenue of $7.49 billion for the second quarter of this year, according to analysts surveyed by Thomson Reuters.
Second quarter results were attributed to higher prices and cost savings efforts.
The company, however, expects the strengthening U.S. dollar will lead to less beneficial currency exchanges and lower revenue growth for the second half of 2015.
Last year, the company reported earnings of 40 cents per share on revenue of $8.44 billion for the second quarter.
Additionally, Mondelez will invest more than $130 million in its North American biscuits business to modernize manufacturing and integrate technology into its supply chain by mid-2016.
Separately, TheStreet Ratings team rates MONDELEZ INTERNATIONAL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate MONDELEZ INTERNATIONAL INC (MDLZ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: MDLZ Ratings Report