Oreo cookie maker Mondelez reports profit, revenue shy of Wall Street expectations

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FILE - In this Feb. 9, 2011 file photo, a shopper selects Oreo cookies at a Ralphs Fresh Fare supermarket in Los Angeles. Mondelez International Inc. reports quarterly financial results after the market closes on Wednesday, Feb. 12, 2014. (AP Photo/File)

NEW YORK, N.Y. – Mondelez (MON-duh-leez) reported a fourth-quarter profit shy of Wall Street expectations as the Oreo cookie maker struggled with weak cookie sales in China.

The company, which also makes Chips Ahoy and Ritz, says it expects its core revenue to grow about 4 per cent for the year ahead. It had previously forecast growth of 4 per cent to 5 per cent.

For the quarter, Mondelez International earned $1.77 billion, or $1 per share. That compares with $569 million, or 32 cents per share, a year ago.

Not including one-time items, it earned 42 cents per share in the latest quarter. That was short of the 44 cents per share Wall Street expected.

Revenue slipped slightly to $9.49 billion. That was also below the $9.6 billion analysts expected.

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