date:Aug 07, 2014
-based company said in a statement. Analysts had estimated $8.68 billion.
Chief financial officer David Brearton said that revenue remains challenged because of weaker growth and higher prices that have deterred some customers. Mondelez expects growth to improve in the second half, helped by lower coffee prices, Brearton said in the statement.
Mondelez cut costs last quarter amid pressure from activist investor Nelson Peltz. Profit excluding some items was 40 cents a share, topping the 39-cent