Hershey Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - The Hershey Company (HSY) reported third-quarter net income of $232.98 million or $1.03 per share, compared to $176.72 million or $0.77 per share, last year. Adjusted net income was $236.62 million or $1.04 per share for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.01 for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales were $1.85 billion, compared to $1.75 billion, prior year. Analysts expected revenue of $1.88 billion for the quarter.

For the full year 2013, the company expects reported earnings per share of $3.60 to $3.65. Adjusted earnings per share is expected to be in the range of $3.68-$3.71. The company continues to estimate that net sales will increase about 7 percent in 2013, including the impact of foreign currency exchange rates. Analysts expect the company to report fiscal 2013 profit per share of $3.71.

For the full year 2014, the company expects reported earnings per share of $3.97-$4.09, and adjusted earnings per share of $4.01-$4.12. Analysts expect the company to report fiscal 2014 earnings per share of $4.10.