Mondelez reports lower first-quarter profit

Tue May 7, 2013 4:10pm EDT

May 7 (Reuters) - Mondelez International Inc reported quarterly earnings on Tuesday that were lower than a year earlier, before the company separated from Kraft Foods Group Inc.

The newly independent maker of Cadbury chocolates and Oreo cookies said net income was $568 million, or 32 cents per share, in the first quarter, down from $813 million, or 46 cents per share, a year earlier.

Revenue rose nearly 1 percent to $8.74 billion.

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