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Hershey Co
HSY reported a strong rise in its Q2 profit.
Hershey's quarterly profit surged to $130 million, or $0.56 per share, from $46.7 million, or $0.20 per share, in the year-earlier period. The company's revenue rose to $1.33 billion from $1.23 billion. Analysts were expecting earnings of $0.55 per share on revenue of $1.29 billion.
Hershey now projects its 2011 earnings per share to rise by 10%.
Hershey shares gained 1.85% to $59.40 in after-hours trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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