Nov 7 Mondelez International Inc
reported lower quarterly profit on Wednesday in its first
earnings report as a standalone snacks company.
The maker of Cadbury chocolates and Trident gum said net
income was $652 million, or 36 cents per share, down from $922
million, or 52 cents per share, a year earlier.
Earnings were 37 cents per share when adjusted to reflect
the spin-off of grocery brands like Maxwell House and Oscar
Mayer into a separate company now called Kraft Foods Group Inc
On that basis, revenue declined 5 percent to $8.3 billion.
Organic revenue, which excludes the impact of divestitures,
currency and accounting calendar changes, rose 1.5 percent.
The company stood by its 2013 outlook for organic revenue
growth at the low end of the 5 to 7 percent range, with earnings
of $1.50 to $1.55 per share.