Candy maker Hershey Co.'s (HSY) fourth-quarter 2014 reported net income grew to $202.51 million or $0.91 per share, from $186.075 million or $0.82 per share, for the comparable period of 2013.
Adjusted net income, excluding net items, totaled $231.75 million or $1.04 per share in the fourth quarter of 2014. On average, 14 analysts polled by Thomson Reuters expected the company to post earnings of $1.06 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated net sales were $2.01 billion in the latest quarter, compared with $1.96 billion for the 2013 fourth quarter. Analysts projected quarterly sales of $2.07 billion.
For 2015, reported earnings per share are expected to be in the $4.14 to $4.25 range, and adjusted earnings per share to increase 8% to 10%, including dilution from acquisitions and divestitures of $0.03 to $0.05 per share, and be in the $4.30 to $4.38 range.
Further, the company projects full-year 2015 net sales to increase 5.5 percent to 7.5 percent, including a net benefit from acquisitions and divestitures of about 2.5 points and unfavorable foreign currency exchange. Excluding the net benefit of acquisitions and divestitures, full-year net sales are expected to increase 3 percent to 5 percent, including unfavorable foreign currency exchange.
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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.