Investing.com - Hershey Co reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hershey Co announced earnings per share of $2.53 on revenue of $2.67B. Analysts polled by Investing.com anticipated EPS of $2.1 on revenue of $2.48B.
Hershey Co shares are up 14% from the beginning of the year and are trading at $226.71 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.22% from the start of the year.
Hershey Co shares gained 2.01% in pre-market trade the report.
Hershey Co follows other major Consumer Staples sector earnings this month
Hershey Co's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola had beat expectations on Monday with first quarter EPS of $0.64 on revenue of $10.49B, compared to forecast for EPS of $0.5792 on revenue of $9.83B.
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