Oreo maker Mondelez’s quarterly results sweetened by emerging markets

By Richa Naidu and Uday Sampath Kumar (Reuters) - Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday reported quarterly revenue that beat estimates, helped by higher demand for its snacks in developing markets, sending shares up 3%. The company said it did not know how it would be affected by the coronavirus outbreak in China, which Mondelez said accounts for nearly 4.5% of its sales. "It's too early to tell what the effect of the coronavirus is going to be on our business.

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