Earnings reports
- Mondelez International Inc. reported a first-quarter profit on Tuesday that met Wall Street expectations. For the period, Mondelez earned $568 million, or 32 cents per share. That's compared with $813 million, or 46 cents per share, a year ago when it was still combined with Kraft Foods. Revenue rose 1 percent to $8.74 billion.
- Walt Disney Co. topped analyst expectations as revenue gains at its parks and movie studio led to a 32 percent increase in net income during the January-March quarter. Net income grew to $1.51 billion, or 83 cents per share. Revenue grew 10 percent to $10.55 billion. Parks and resorts revenue rose 14 percent to $3.30 billion, while movie studio revenue grew 13 percent to $1.34 billion. Revenue from pay TV networks like ESPN grew 6 percent to $4.96 billion.