American multinational food and beverage company, Mondelez International, Inc. (MDLZ) reported a decline in profits for the first quarter compared to the same period last year. The firm's net income was $1.41 billion, equating to $1.04 per share, a drop from $2.08 billion or $1.52 per share in the first quarter of the previous year.
When excluding certain items, the company's adjusted earnings for the period were $1.29 billion, or $0.95 per share. Additionally, the company's revenue experienced growth, increasing by 1.3% to reach $9.29 billion from $9.17 billion last year. To summarize, Mondelez International, Inc. reported first-quarter earnings of $1.41 billion, down from $2.08 billion last year, and an EPS of $1.04, down from $1.52 last year. Meanwhile, revenue was up, with $9.29 billion reported against $9.17 billion last year.
