Mondelez International, Inc. (MDLZ) reported second quarter net income to company of $406 million or $0.25 per share, compared to $622 million or $0.36 per share, prior year. Adjusted earnings per share was $0.47, for the quarter.
On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $7.66 billion from $8.44 billion last year. Analysts expected revenue of $7.49 billion for the quarter.
For 2015, Mondelez now expects organic net revenue growth of 3% from pro forma 2014. For 2015, the company reaffirmed its target of double-digit Adjusted EPS growth on a constant-currency basis.
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