Mondelez Q2 Profit Rises, Hikes Dividend; Reaffirms 2014 View - Quick Facts

(RTTNews) - Mondelez International, Inc (MDLZ) Wednesday reported second-quarter net earnings attributable to the company of $622 million or $0.36 per share, up from $601 million or $0.33 per share in the prior year.

Adjusted earnings totaled $0.40 per share, while the company posted $0.36 per share a year earlier.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues were $8.44 billion, down 1.8 percent from $8.60 billion in the preceding year. Analysts estimated revenues of $8.65 billion for the quarter.

For full year 2014, the company still expects adjusted earnings to be in the range of $1.64 to $1.69 per share. Organic net revenue growth is now expected to be 2% to 2.5%. Analysts expect the company to earn $1.72 per share for the quarter.

The company also declared a regular quarterly dividend of $0.15 per share of Class A stock, an increase of 7 percent from last year, to stockholders of record on September 30, 2014, payable on October 14.

The firm said it remains on track to achieve its margin and earnings commitments for the full year.