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2025-10-30 03:45:57
Mondelez International (MDLZ), a food producer, fell 4.3% in late trading on Wednesday after reporting third-quarter results. Revenue reached $9.744 billion, a 5.9% year-over-year increase and exceeding market expectations, but organic growth slowed to 3.4% from 5.6% in the second quarter, primarily due to a 4.6% decline in volume/mix. Adjusted earnings per share were $0.73, a 23% year-over-year decrease. More worrying for investors was the gross margin of 30.4%, a 10 percentage point decrease year-over-year, falling short of market expectations.
