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Oreo maker Mondelez's revenue falls less than expected
April 27, 2016 / 12:12 PM / 2 years ago

Oreo maker Mondelez's revenue falls less than expected

April 27 (Reuters) - Oreo cookies and Cadbury chocolate maker Mondelez International Inc’s first-quarter net revenue fell slightly less than expected, as higher prices in certain markets helped offset the impact of a strong dollar.

The company’s net revenue fell 16.8 percent to $6.46 billion in the three months ended March 31, declining for the tenth quarter in a row.

Analysts on an average were expecting revenue of $6.42 billion, according to Thomson Reuters I/B/E/S.

Net income attributable to Mondelez rose to $554 million, or 35 cents per share, from $324 million, or 19 cents per share, a year earlier. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D‘Souza)

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