Hershey reports Q4 earnings beat, but shares fall on weak outlook
HSYHershey(HSY) Market Watch·2024-02-08 20:50

Hershey Corp. HSY, -0.27% reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3% in premarket trades, weighed down by weaker-than-expected sales and guidance. The chocolate and salty snacks company reported net income of 349million,orearningsof349 million, or earnings of 1.70 a share, compared with net income of 396million,orearningsof396 million, or earnings of 1.92 a share, in the prior year’s quarter. The company’s adjusted earnings were $2.02 a share, flat from the prior year’s quarter. Analysts surveyed by ...