Hershey Co. shares rose nearly 6% after the chocolate company's first-quarter earnings topped expectations. Hershey Co. trades on the “New York Stock Exchange” under the stock symbol “HSY”. For More information regarding “HSY” or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
Join today and be part of the best free investment newsletter on the web where we focus on market moving news. Hershey Co. (NYSE:HSY) shares rose nearly 6% to $47.50 after the chocolate company's first-quarter earnings topped expectations. The Company also boosted its 2010 forecast and now expects double-digit profit growth and a sales increase of at least 6% this year. Hershey posted earnings of $147.4 million, or 64 cents a share, compared to $75.9 million, or 33 cents a share, a year earlier, which beat analysts expected earnings of 47 cents on net sales of $1.29 billion. Hershey Co: The Hershey Company, together with its subsidiaries, engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. It offers chocolate and confectionery products, including high-cacao dark chocolate products, such as chocolate bars, tasting squares, home baking products, and professional chocolate and cocoa items; and natural and organic chocolate products consisting of chocolate bars, drinking chocolate, and baking products. The company provides snack products comprising snack mix, granola bars, and macadamia snack nuts and cookies in various varieties; and a line of refreshment products, such as mints, chewing gum, and bubble gum, as well as pantry items consisting of baking ingredients, toppings, and beverages. It sells its products through sales representatives and food brokers, primarily to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, department stores, and natural food stores
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