Hershey Falls After Q2 Earnings

Hershey HSY reported second-quarter earnings of $1.31 per share, which beat the analyst consensus estimate of $1.17 by 11.97%. This is a 14.91% increase over earnings of $1.14 per share from the same period last year.

The company reported quarterly sales of $1.767 billion, which missed the analyst consensus estimate of $1.77 billion by 0.17%. This is a 0.86% increase over sales of $1.752 billion the same period last year.

Hershey’s also updated its net sales outlook to the mid-point of the previously guided range, and slightly raised its reported and adjusted earnings outlook to the top half of the previous range.

Hershey shares were trading down 2.9% at $142.50 in Thursday’s pre-market session. The stock has a 52-week high of $78.59and a 52-week low of $38.90.

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