Courtesy of Benzinga.
Hershey Co (NYSE: HSY) reported a rise in its first-quarter profit.
Hershey’s quarterly profit climbed to $198.7 million, or $0.87 per share, versus $160.1 million, or $0.70 per share, in the year-earlier period. Hershey’s adjusted income came in at $0.97 per share. Its revenue surged to $1.73 billion from $1.56 billion. However, analysts were expecting earnings of $0.81 per share on revenue of $1.66 billion.
Hershey lifted its adjusted 2012 earnings growth forecast to 10% to 12%, versus its previous forecast of 9% to 11%
Hershey shares closed at $62.29 yesterday.
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