WASHINGTON (dpa-AFX) - Hershey Co. (HSY) reported earnings for third quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $276.32 million, or $1.36 per share. This compares with $446.30 million, or $2.20 per share, last year.
Excluding items, Hershey Co. reported adjusted earnings of $263.69 million or $1.30 per share for the period.
Analysts on average had expected the company to earn $1.06 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.5% to $3.181 billion from $2.987 billion last year.
Hershey Co. earnings at a glance (GAAP) :
-Earnings: $276.32 Mln. vs. $446.30 Mln. last year. -EPS: $1.36 vs. $2.20 last year. -Revenue: $3.181 Bln vs. $2.987 Bln last year.
-Guidance: Full year EPS guidance: $5.90 - $6.00
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