BUZZ-Mondelez up after quarterly profit beat on higher product prices

Reuters
30 Apr
BUZZ-Mondelez up after quarterly profit beat on higher product prices

** Shares of Cadbury parent Mondelez International MDLZ.O up ~2% at $66.81 after the bell

** Co beats Q1 profit estimates helped by higher prices for products

** Co also reaffirms annual sales, profit forecast

** Our Q1 pricing and share performance, along with the global strength of our categories, provide us with continued confidence in our full-year outlook- CEO Dirk Van de Put

** Reports Q1 adjusted EPS of 74 cents vs. estimates of 66 cents per share and net revenue rise 0.2% to $9.31 billion vs. estimates of $9.33 billion, according to data compiled by LSEG.

** Up to last close, stock has fallen ~10% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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