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Hershey Company misses Wall Street 4th quarter forecasts

Written by The Associated Press | Jan 30, 2015 7:53 AM
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(Hershey) -- Hershey Company has reported fourth-quarter net income of $202.5 million.

The Dauphin County-based company says it had net income of 91 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.04 per share.

The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The chocolate bar and candy maker posted revenue of $2.01 billion in the period, also missing Street forecasts. Analysts expected $2.08 billion, according to Zacks.

For the year, the company reported profit of $846.9 million, or $3.77 per share. Revenue was reported as $7.42 billion.

Hershey expects full-year earnings in the range of $4.30 to $4.38 per share.

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