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Oreo Maker Mondelez Saw Slower Growth as Consumers Dial Back Spending. The Stock Is Tumbling.

Por: MarketWatch Business January 30, 2024

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Adjusted earnings per share came at 84 cents for the quarter, 23.5% more than the year-ago period, topping analysts expectation of 78 cents. While both earnings and sales look solid, investors took the latest report as a downbeat signal. Mondelez shares tumbled 4.1% on Tuesday after it reported earnings after market close.   Although Mondelez was able to command higher prices amid inflation, consumers are reconsidering before picking up that... + full article



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