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DewDiligence

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DewDiligence

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Re: DewDiligence post# 65

Tuesday, 05/07/2013 5:52:57 PM

Tuesday, May 07, 2013 5:52:57 PM

Post# of 116
MDLZ "raised" 2013 non-GAAP EPS guidance by $0.03 due to a one-time tax benefit; the new range is $1.55-1.60 (up from $1.52-1.57):

http://finance.yahoo.com/news/mondelez-international-reports-first-quarter-200100001.html

However, inasmuch as the one-time tax benefit was worth $0.07, MDLZ is effectively lowering 2013 non-GAAP EPS guidance by $0.04 compared to prior guidance. (Note: the above figures are all on a constant-currency basis.)

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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