Mondelez (MDLZ): Q4 Earnings Exceed Expectations

The Chicago-based Mondelez International Inc. (MDLZ) reported a fourth-quarter net income of $665 million, exceeding Wall Street expectations. Per share, the earnings were 51 cents, with an adjusted 72 cents per share, surpassing analyst forecasts of 70 cents. Revenue of $10.5 billion also topped analyst projections of $10.3 billion. For the year, Mondelez reported a profit of $2.45 billion, or $1.89 per share, on revenue of $38.54 billion.