Chicago, Illinois-based Mondelez International, Inc. (MDLZ) manufactures, markets, and sells a wide range of snacks and beverages, including cookies, crackers, salted snacks, cakes, chocolates, and more. With a market cap of $79.8 billion, Mondelez’s operations span various countries in the Americas, Indo-Pacific, the Middle East, Africa, and Europe.
The company is set to announce its third-quarter results after the market closes on Tuesday, Oct. 28. Ahead of the event, analysts expect Mondelez to deliver an adjusted profit of $0.73 per share, down a staggering 26.3% year-over-year from $0.99 per share reported in the year-ago quarter. The company has a mixed earnings surprise history. While it surpassed the Street’s bottom-line estimates thrice over the past four quarters, it missed the projections on one other occasion.
