Mondelez profit beats estimates as Rosenfeld trims expenses
Apr 27, 2016 9:58 AM - DEERFIELD -- Mondelez International Inc., the maker of Ritz crackers and Oreo cookies, posted first-quarter earnings that beat analysts' estimates as cost cuts helped expand profit margins. Profit rose to 48 cents a share, excluding some items, the Deerfield, Illinois-based company said Wednesday in a statement. Analysts estimated 40 cents, on average. Sales fell 16 percent to $6.46 billion, partly because of the sale of its coffee business. That topped analysts' average projection of $6.42 billion.