Hershey 2Q profit increases 5.4 percent, hits estimate



We also have more stories about:
(click the phrases to see a list)

Subjects:

 


HERSHEY, Pennsylvania — Hershey Co. (HSY) on Thursday reported net income that rose by 5.4 percent in its second quarter. The results matched analysts' expectations.

The Hershey, Pennsylvania-based company said net income increased to $168.2 million, or 75 cents per share, from $159.5 million, or 70 cents per share, in the same quarter a year ago.

Earnings, adjusted for non-recurring costs, were 76 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The chocolate bar and candy maker said revenue rose 4.6 percent to $1.58 billion from $1.51 billion in the same quarter a year earlier. The results matched Wall Street forecasts.

Hershey shares have declined $3.23, or 3.3 percent, to $94 since the beginning of the year, while the Standard & Poor's 500 index has risen 7.5 percent. However, the stock has increased $1.13, or 1.2 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full HSY report: http://www.zacks.com/ap/HSY

_____

Keywords:Hershey,Earnings Report

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528