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Investing.com -- Oreo and Cadbury maker Mondelez (NASDAQ:MDLZ) reported second-quarter earnings and revenue ahead of Wall Street estimates, but its full-year forecast was unchanged as surging cocoa costs continue to pressure margins.
Company posted adjusted earnings of 73 cents per share for the quarter ended June 30, beating analysts’ expectations of 68 cents.
Revenue rose to $8.98 billion, above estimates of $8.83 billion.
The company reaffirmed its 2025 guidance, expecting about 5% organic net revenue growth and a 10% decline in adjusted earnings per share on a constant currency basis.
It cited "unprecedented cocoa cost inflation" and broader macroeconomic uncertainty, including geopolitical, regulatory, and commodity-related risks.
Mondelez continues to expect over $3 billion in free cash flow this year and said currency translation is not expected to impact its 2025 net revenue or earnings outlook.
Shares fell about 3% in after-hours trading.