Valued at a market cap of $94.5 billion, Mondelez International, Inc. (MDLZ) is a global snacks company that manufactures, markets, and sells snack food and beverage products. The Chicago, Illinois-based company’s product categories include chocolates, biscuits, gum and candy, beverages, cheese, and grocery products, and it is expected to announce its fiscal Q3 earnings results after the market closes on Tuesday, Oct. 29.
Ahead of this event, analysts project the confectionery company to report a profit of $0.84 per share, up 2.4% from $0.82 per share in the year-ago quarter. The company has consistently beaten Wall Street's earnings estimates in the last four quarters. Its adjusted earnings of $0.86 per share in the last quarter outpaced the consensus estimates by 10.3% and increased 25% from a year ago on a constant currency basis. The outperformance was driven by strong operating gains, lower interest expenses, and fewer outstanding shares, partially offset by higher taxes.
