Hershey Co. (HSY) posted an increase in first-quarter 2013 reported net income to $241.91 million, or $1.06 per share, from last year's $198.65 million, or $0.87 per share for the comparable period of 2012. Excluding net charges, adjusted net income stood at $248.47 million, or $1.09 per share in the first quarter of 2013. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $1.04 for the quarter. Analysts' estimates typically exclude one-time items.
Consolidated net sales reached $1.83 billion in the quarter, compared with $1.73 billion a year earlier. Analysts estimated revenues of $1.84 billion for the quarter.
For the full year 2013, the company now sees adjusted earnings per share to increase about 12% and be in the $3.61 - $3.65 range, while reported earnings per share is likely to be in the range of $3.52 - $3.58. Analysts project annual earnings of $3.65 per share. The company continues to expect 2013 net sales growth of 5 to 7 percent, including the impact of foreign currency exchange rates, driven primarily by volume.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.