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.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
