Hershey Reports Q1 Net Income of $160.1 million

Hershey Co HSY released its results for the first quarter on Tuesday. HSY's net income increased to $160.1 million, or $0.70 per share, from $147.4 million, or $0.64 per share, in the year-ago quarter. On an adjusted basis, the company's earnings came in at $0.72 per share. However, analysts were expecting earnings of $0.70 per share. The company's sales increased to $1.56 billion from $1.41 billion. Hershey shares fell 0.21% to close at $56.63 yesterday. Read more from Benzinga's Company news.