Mondelez International Inc posted quarterly earnings on Tuesday that were slightly better than expected and raised its full-year earnings forecast due to a benefit from a tax item.The newly independent maker of Cadbury chocolates and Oreo cookies said net income was $568 million, or 32 cents per share, in the first quarter. That was down from $813 million, or 46 cents per share, a year earlier, before the company separated from Kraft Foods Group Inc.Excluding items, earnings were 34 cents per share.On that basis, analysts on average were expecting 33 cents per share, according to Thomson Reuters I/B/E/S.
Kraft Foods Group, Inc. (Kraft Foods Group) operates food and beverage businesses in North America. Shares of KRFT traded higher by 2.73% or $1.46/share to $54.85. In the past year, the shares have traded as low as $42.00 and as high as $52.51. On average, 3736530 shares of KRFT exchange hands on a given day and today's volume is recorded at 6666020.
Mondelez International, Inc. (Mondelez International), is a snack manufacturing company. Shares of MDLZ traded higher by 0.83% or $0.26/share to $31.41. In the past year, the shares have traded as low as $24.50 and as high as $42.54. On average, 13301000 shares of MDLZ exchange hands on a given day and today's volume is recorded at 7521477.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.12% or $0.04/share to $34.05. In the past year, the shares have traded as low as $26.20 and as high as $34.33. On average, 1179040 shares of TRI exchange hands on a given day and today's volume is recorded at 538159.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.15% or $-0.05/share to $34.18. In the past year, the shares have traded as low as $26.65 and as high as $34.59. On average, 1208270 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 696253.
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