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Thursday May 9, 2013

Cadbury maker raises outlook

new york: Mondelez Interna-tional Inc posted quarterly earnings that were slightly better than expected and raised its full-year earnings forecast due to a benefit from a tax item.

The newly-independent maker of Cadbury chocolates and Oreo cookies said net income was US$568mil, or 32 cents per share, in the first quarter. That was down from US$813mil, or 46 cents per share, a year earlier, before the company separated from Kraft Foods Group Inc. Revenue rose nearly 1% to US$8.74bil. Reuters

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