April 30, 2019 / 8:15 PM / in 20 days

Mondelez beats core revenue estimates

April 30 (Reuters) - Oreo cookies maker Mondelez International Inc beat Wall Street estimates for first-quarter core revenue on Tuesday, boosted by demand for its snacks and chocolates in emerging markets.

Core, or organic, net revenue, which excludes the impact from acquisitions and currency fluctuations, rose 3.7 percent, beating analysts’ average estimate of a 2.3 percent increase, according to IBES data from Refinitiv.

Net earnings attributable to the company, which also makes Cadbury chocolates, fell to $914 million, or 63 cents per share, in the three months ended March 31, from $1.05 billion, or 70 cents per share, a year earlier. (Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)

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