Investing.com - Hershey Co reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hershey Co announced earnings per share of $1.69 on revenue of $2.33B. Analysts polled by Investing.com anticipated EPS of $1.61 on revenue of $2.26B.
Hershey Co shares are up 2% from the beginning of the year and are trading at $198.54 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.71% from the start of the year.
Hershey Co follows other major Consumer Staples sector earnings this month
Hershey Co's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Estee Lauder had missed expectations on Thursday with second quarter EPS of $2.61 on revenue of $5.48B, compared to forecast for EPS of $2.63 on revenue of $5.49B.
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