date:Nov 07, 2014
Mondelez International, the maker of Oreo biscuits and Cadbury's chocolate, posted a 11% decline in earnings in the third-quarter of fiscal 2014 compared to the same period a year ago, as a result of weaker revenues and higher expenses.
The net earnings totalled $899m, which has dropped from $1.01bn in the same quarter of last fiscal.
Total revenue dipped by 2% to touch $8.3bn. Following the adjustment from the impact of acquisitions and divestitures, sales grew 3%.
However, sales saw a decli