Hershey Co. Q1 adjusted earnings Beat Estimates

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(RTTNews.com) - Hershey Co. ( HSY ) released a profit for its first quarter that rose from the same period last year.

The company's earnings totaled $350.20 million, or $1.65 per share. This compares with $125.04 million, or $0.58 per share, in last year's first quarter.

Excluding items, Hershey Co. reported adjusted earnings of $297.99 million or $1.41 per share for the period.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $1.97 billion from $1.88 billion last year.

Hershey Co. earnings at a glance:

-Earnings (Q1): $297.99 Mln. vs. $279.31 Mln. last year.
-EPS (Q1): $1.41 vs. $1.30 last year.
-Analysts Estimate: $1.40
-Revenue (Q1): $1.97 Bln vs. $1.88 Bln last year.


Full year EPS guidance: $5.33 - $5.43

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This article appears in: Fundamental Analysis , World Markets , Stocks , Commodities , Earnings
Referenced Symbols: HSY ,

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