HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Thursday reported first-quarter net income of $435.1 million.
The Hershey, Pennsylvania-based company said it had profit of $2.13 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.35 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The chocolate bar and candy maker posted revenue of $3.1 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.03 billion.
Hershey expects full-year earnings in the range of $8.20 to $8.52 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSY at https://www.zacks.com/ap/HSY
/Advanced%20Micro%20Devices%20Inc_%20logo%20and%20chart%20data-by%20Poetra_%20RH%20via%20Shutterstock.jpg)
/Cisco%20Systems%2C%20Inc_%20HQ-by%20Sundry%20Photography%20via%20iStock.jpg)