Hershey: Q2 Earnings Snapshot

HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Thursday reported second-quarter net income of $180.9 million.

On a per-share basis, the Hershey, Pennsylvania-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $1.27 per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The chocolate bar and candy maker posted revenue of $2.07 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $2.3 billion.

Hershey expects full-year earnings in the range of $9.49 to $9.59 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