HERSHEY, Pa. (AP) 鈥� HERSHEY, Pa. (AP) 鈥� 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.
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