Hershey beats on revenue, provides downbeat outlook

Hershey Co. HSY, +0.91% beat first-quarter EPS expectations but neglected income projections, providing a downbeat 2016 income outlook. income got here in at $ 239 million, or $ 1.06 a share, when compared with $ 243 million, or $ 1.10 a share in the identical period a yr ago. the company had adjusted EPS of $ 1.10 in advance of the FactSet consensus of $ 1.07. income declined to $ 1.83 billion from $ 1.94 billion, when compared with the FactSet consensus of $ 1.ninety billion. For 2016, the company expects adjusted EPS of $ 4.24 to $ four.28, under the FactSet consensus of $ four.34. The stock received 7.4% over the past three months, when compared with a 9.7% rise within the S&P 500 SPX, -zero.18%

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