WASHINGTON (dpa-AFX) - Hershey Co. (HSY) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $224.20 million, or $1.10 per share. This compares with $797.45 million, or $3.89 per share, last year.
Excluding items, Hershey Co. reported adjusted earnings of $425.41 million or $2.09 per share for the period.
Analysts on average had expected the company to earn $1.93 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 13.7% to $2.805 billion from $3.252 billion last year.
Hershey Co. earnings at a glance (GAAP) :
-Earnings: $224.20 Mln. vs. $797.45 Mln. last year. -EPS: $1.10 vs. $3.89 last year. -Revenue: $2.805 Bln vs. $3.252 Bln last year.
-Guidance: Full year EPS guidance: $6.00 - $6.18
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