Hershey Reports 61 Cent Adjusted EPS (HSY)

Hershey, Pennsylvania-based Hershey Company

released financial results on Wednesday morning that were in-line Wall Street estimates. The Hershey Company announced that its 4th quarter net income rose 9.1% to $135.5 million, or 59 cents per share, up from $126.8 million, or 55 cents per share, a year earlier. Excluding special items, the company reported earnings of 61 cents per share. The Hershey Company reported revenue of $1.48 billion, up from $1.41 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 61 cents per share, on revenue of $1.48 billion. The Hershey Company (

) finished the previous trading day at $47.14 per share. The consensus price target of analysts covering the company's stock is $50.58 per share. The Hershey Company is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Read more