NEW YORK (TheStreet) -- Shares of Mondelez International (MDLZ) - Get Mondelez International Inc. Report are slipping by 0.84% to $46.21 in early afternoon trading on Wednesday, after the snack maker reported its 2015 third quarter earnings results.
The company's adjusted earnings came in at 42 cents per share on revenue of $6.8 billion for the most recent quarter.
Mondelez's third quarter financial results were roughly in line with the 41 cents per share on $6.81 billion analysts surveyed by Thomson Reuters were looking for.
"We delivered strong margin expansion in the third quarter by progressing our transformation agenda in a volatile and challenging macroeconomic environment," company CEO Irene Rosenfeld said in a statement. "We're continuing to aggressively reduce costs to expand margins and provide the fuel for incremental investments behind our Power Brands and route-to-market capabilities to drive sustainable revenue growth and improve market shares."
Mondelez is a Deerfield, IL-based snack products producer with brands including Oreo, Chips Ahoy, Honey Maid, Philadelphia, Premium, Sour Patch Kids, Newtons and Triscuit.
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 some important positives, 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 expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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