Mondelez International Inc’s (NASDAQ:MDLZ), a manufacturer of snacks and treats, shares were up following its Q1 2015 earnings report.

Mondelez International reported operating income of $811 million for the first quarter of 2015. Its adjusted earnings per share was 41 cents. This is up from the earnings per share of 39 cents from the same time last year. It also beat analysts’ estimates of 38 cents.

Revenue reported by Mondelez International for Q1 2015 was $7.8 billion. This is down from the $8.64 billion reported during Q1 2014. However, it did beat analysts’ estimates of $7.72 billion for the quarter.

Mondelez International also repurchased $1.5 billion worth of its common stock. It paid an average price of $35.98 per share. It didn’t update its 2015 guidance in this earnings report.

MDLZ shares were up 4% as of Noon Wednesday.

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