Hershey Meets Estimates, Shares Up 4.1% (HSY)

Shares of Hershey, Pennsylvania-based Hershey Company

are trading up 4.1% at $49.06 per share during the Wednesday afternoon trading session. The day's trading range for shares of Hershey Company has been between $47.47 and $49.22 per share. Analysts covering the company's stock give it a consensus price target of $50.58 per share. Volume of 1.9 million shares is nearly double the daily average volume of 1.1 million shares. Hershey Company (

) announced on Wednesday morning that it met consensus Wall Street expectations. Hershey Company announced 4th quarter adjusted earnings per share of 61 cents, on revenue of $1.48 billion. According to a survey 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 is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Read more