Mondelez beats second-quarter revenue estimates

(Reuters) -Cadbury-parent Mondelez International beat Wall Street estimates for second-quarter revenue on Tuesday, driven by steady consumer demand for its higher-priced chocolates and biscuits, particularly in Europe.

The company reported net revenue of $8.98 billion for the quarter, compared with analysts’ average estimate of $8.84 billion, according to data compiled by LSEG.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Tasim Zahid)