Snacks giant Mondelez International Inc (NASDAQ:MDLZ) shares are trading lower in premarket on Wednesday.
The company reported fourth-quarter sales growth of 3.1% year-on-year to $9.60 billion, missing the analyst consensus estimate of $9.64 billion.
Adjusted EPS of $0.65 also missed the consensus estimate of $0.66.
Revenues in Asia, Middle East & Africa surged 9.9% whereas Latin America plunged 7.2%. Revenue from Europe and North America increased 5.8% and 0.1% respectively.
Gross profit for the quarter climbed 6.9% to $3.71 ...