Hershey Foods (HSY) Tops Q2 EPS by 3c; Updates FY15 Sales Outlook

Hershey Foods (NYSE: HSY) reported Q2 EPS of $0.78, $0.03 better than the analyst estimate of $0.75. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.62 billion.

• Outlook for 2015 net sales updated and adjusted earnings per share-diluted reaffirmed:
  • Full-year net sales expected to increase 1.5% to 2.5%, including a net benefit from acquisitions and divestitures of about 1 point and unfavorable foreign currency exchange rates of approximately 1.5 points
  • Adjusted earnings per share-diluted reaffirmed, expected to increase 3% to 5%

For earnings history and earnings-related data on Hershey Foods (HSY) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Ares Management, L.P. (ARES) PT Raised to $153 at TD Cowen
• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary