Reuters: Global Markets: Mondelez fourth quarter profit falls

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Mondelez fourth quarter profit falls Feb 13th 2013, 21:34 Wed Feb 13, 2013 4:34pm EST (Reuters) - Mondelez International Inc (MDLZ.O) reported lower quarterly earnings on Wednesday, hurt by a decline in sales. Shares of the company, which makes Oreo cookies and Cadbury chocolate, were down 4.4 percent in after hours trading. The company said net profit was $534 million, or 30 cents per share, in the fourth quarter, compared to $830 million, or 47 cents per share, a year earlier. Excluding items, earnings were 36 cents per share. Revenue fell 1.9 percent to $9.50 billion. The company stood by its 2013 outlook for revenue growth at the low end of the 5 percent to 7 percent range. It raised its forecast for operating earnings to a range of $1.52 to $1.57 per share, due to changes in currency exchange rates. It earlier forecast $1.50 to $1.55 per share. Shares fell to $26.75 in after hours trade, from their close on the Nasdaq at $27.75. (Reporting By Martinne Geller in New York; Editing by Tim Dobbyn and Chris Reese)

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