Mondelez Beats Third-Quarter Profit Estimates on Cost-Cutting Boost
Mondelez beat Wall Street expectations for third-quarter profit, helped by cost-cutting measures. Its shares rose 4% in extended trading.
Mondelez International NASDAQ:MDLZ beat Wall Street expectations for third-quarter profit on Thursday, helped by cost-cutting measures at the Cadbury parent, sending its shares up 4% in extended trading.A global cocoa surplus drove costs down, easing margin pressures at the chocolate maker and givi…