Hershey Co. (HSY: Quote) reported first quarter adjusted net income of $0.96 per share Tuesday morning, up from $0.73 per share last year. The consensus estimate was for EPS of $0.81. The company also increased its full year 2012 adjusted EPS growth forecast to between 10 and 12 percent, from prior expectations of 9 to 11 percent.
Hershey gapped up sharply Tuesday and climbed throughout the first half of the morning. The stock ended the day higher by 3.71 at $66.00 on the highest volume of the year. Hershey has been rising for the past 2 weeks and surged to a new high for the year.
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by RTT Staff Writer
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