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MARKETS LIVE BLOG:

STOCK FUTURES CLIMB AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Mondelez Q1 earnings beat revenue, profit expectations

Yahoo Finance Video
Updated

Mondelez reported first quarter earnings that beat revenue and profit expectations. Yahoo Finance's Jen Rogers, Myles Udland, Rick Newman, and Akiko Fujita discuss.

Video Transcript

JEN ROGERS: We now have Mondelez earnings coming out. Myles Udland has been looking through this report as well. Myles.

MYLES UDLAND: Yeah, just quickly, stock up 2% after hours. The company reporting adjusted earnings per share of $0.69. The Street looking for $0.66. Top line, $6.71 billion in revenue for Mondelez in the first quarter. The Street was looking for $6.61, so a beat there.

The company, as we've heard from so many on the Street, pulling its outlook for the full year. So we'll have to see if we get any color from Mondelez on the call about how they see the environment, but not unexpected as most managements are taking the opportunity to do during this season coming out saying we have no idea. See you on the call.