Disney, Gilead, Mondelez All Slide After The Bell
In today's trifecta of after hours earnings results, all three behemoths representing different key parts of the US economy, stumbled after either missing expectations, or guiding lower.
First, it was Mondelez, which missed on the top and bottom line, reporting Q4 EPS of $0.47 below the $0.49 expected, on disappointing revenue of $6.77BN, below the $6.87BN expected. The company also missed on margin reporting Q4 adj. gross margin 39.0%, below the est. 40.1%. Some other details: