HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Thursday reported fourth-quarter profit of $320 million.
On a per-share basis, the Hershey, Pennsylvania-based company said it had net income of $1.57. Earnings, adjusted for one-time gains and costs, came to $1.71 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The chocolate bar and candy maker posted revenue of $3.09 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $3 billion.
Hershey expects full-year earnings in the range of $8.20 to $8.52 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSY at https://www.zacks.com/ap/HSY
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