Mondelez posted earnings of 52 cents per diluted share, surpassing analyst expectations of 43 cents per share. Revenue came in at $6.4 billion, below the $6.45 billion expected by Wall Street. The company reported its financial results before the market opened Wednesday.
CEO Irene Rosenfeld was pleased with the multinational company's success in what she called a "challenging" environment.
"We're not expecting change in the underlying macro environment and so we're focused on controlling what we can: our cost structure, our investments, our innovation pipeline," Rosenfeld said Wednesday on CNBC's "Squawk Alley." "That's what's allowing us to continue to deliver very solid earnings growth, even in these challenging times."
Oreo, Nabisco, Chips Ahoy! and Trident Gum are some of the brands in Mondelez's snack portfolio.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate MONDELEZ INTERNATIONAL INC as a Buy with a ratings score of B. This is driven by a number of strengths, 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 notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: MDLZ