date:Aug 07, 2014
Mondelez International Inc., the maker of snacks such as Oreo cookies and Ritz crackers, dropped in early trading after reducing its full-year sales forecast.
The shares declined as much as 2.8 per cent after the company said that sales excluding the effects of acquisitions, divestitures and currency exchange-rate fluctuations would rise as much as 2.5 per cent, down from a previously projected maximum of 3 per cent. Revenue fell 1.8 per cent to $8.44 billion in the second quarter, the Illinois