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Cadbury chocolate maker Mondelez's sales miss estimates

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Cadbury chocolate maker Mondelez's sales miss estimates

Cadbury chocolate maker Mondelez's sales miss estimates
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ARND WIEGMANN(Reuters)
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(Reuters) - Mondelez International Inc <MDLZ.O> reported lower-than-expected quarterly sales on Monday, as fewer consumers bought its Cadbury chocolates and Oreo cookies in Europe and Latin America.

Net income attributable to the company rose to $1.19 billion, or 81 cents per share, in the third quarter ended Sept. 30 from $981 million, or 64 cents per share, a year earlier.

Net revenue fell 3.7 percent to $6.29 billion. Analysts on average had expected revenue of $6.32 billion, according to Refinitiv data.

(Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

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