Hershey: Q2 Earnings Snapshot

Audio By Carbonatix

HERSHEY, Pa. (AP) _ Hershey Co. (HSY) on Thursday reported second-quarter profit of $315.6 million.

The Hershey, Pennsylvania-based company said it had profit of $1.53 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.80 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The chocolate bar and candy maker posted revenue of $2.37 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.23 billion.

Hershey expects full-year earnings in the range of $8.05 to $8.20 per share.

_____

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