Mondelez (MDLZ Quick QuoteMDLZ - Free Report) just released its first quarter financial results, posting adjusted earnings of $0.62 per share and revenues of $6.77 billion.

Mondelez is currently a Zacks Rank #4 (Sell), which is subject to change based on today’s results. Shares of Mondelez are down 10% over the last 12 weeks and nearly 3% over the last four weeks. The company’s stock price also fell 1.29% on Tuesday to hit $38.99 per share prior to the release of its quarterly earnings results.

Mondelez stock is currently up 2.56% to $39.99 per share in after-hours trading shortly after its earnings report was released.

MDLZ:

Beat earnings estimates. The company posted adjusted earnings of $0.62 per share, just beating the Zacks Consensus Estimate of $0.61 per share.

Beat revenue estimates. The company saw revenue figures of $6.77 billion, topping our consensus estimate of $6.65 billion.

Mondelez quarterly revenues jumped roughly 5.5% from $6.41 billion in the year-ago period. Meanwhile, the consumer packaged goods company’s quarterly earnings climbed from $0.53 per share in the year-prior period.

The maker of Oreo cookies and other CPG giants reported North American sales of $1.63 billion, which marked a 1.3% decline. Meanwhile, Mondelez saw its European revenues surge 14.4% to $2.71 billion.

Here’s a graph that looks at MDLZ’s Price, Consensus and EPS Surprise history:

Mondelez International, Inc. Price, Consensus and EPS Surprise

Mondelez International, Inc. Price, Consensus and EPS Surprise | Mondelez International, Inc. Quote

Check back later for our full analysis on MDLZ’s earnings report!

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