The Hershey Company (HSY) reported that its fourth-quarter net income increased to $149.88 million from $142.13 million last year. proifit per share was $0.66 compared to $0.62 prior year.
Adjusted net income was $169.19 million or $0.74 per share compared to $160.32 million or $0.70 per share last year. On average, 16 analysts polled by Thomson Reuters expected the company to report profit of $0.76 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales were $1.75 billion compared to $1.57 billion last year. Analysts expected revenue of $1.71 billion for the quarter.
The company expects 2013 net sales growth of 5 to 7 percent, including the impact of foreign currency exchange rates.
For comments and feedback: editorial@rttnews.com