RBC Capital Reiterates Outperform on Mondelez Int'l (MDLZ) Following In-Line 3Q Results
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Mondelez International Reports Q3 Results; Reaffirms 2015 Outlook and 2016 Margin Target
October 28, 2015 8:02 AM EDTDEERFIELD, Ill., Oct. 28, 2015 (GLOBE NEWSWIRE) -- Mondelz International, Inc. (NASDAQ: MDLZ) today reported its third quarter 2015 results, reflecting continued strong Adjusted Operating Income1 margin expansion and solid Organic Net Revenue1 growth. Adjusted EPS1 was flat versus the prior year on a constant-currency basis due to dilution related to the companys recently created coffee joint venture.
We delivered strong margin expansion in the third quarter by progressing our transformation agenda in a volatile and challenging macroeconomic environment, said Irene Rosenfeld, Chairman and CEO. Â Were continuing to aggressively reduce costs to expand margins and... More
