HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Friday reported first-quarter profit of $797.5 million.
The Hershey, Pennsylvania-based company said it had profit of $3.89 per share. Earnings, adjusted for non-recurring gains, were $3.07 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The chocolate bar and candy maker posted revenue of $3.25 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $3.12 billion.
Hershey expects full-year earnings to be $9.59 per share.
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