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Feb 5, 2017 @ 3:27

Hershey Q4 profits, 2017 outlook beat Wall St estimates

Hershey today (3 February) reported underlying fourth-quarter earnings – and issued a forecast for its 2017 adjusted EPS – above Wall Street estimates.

The US-based confectionery and snacks maker posted non-GAAP diluted earnings per share of US$1.17 for the three months to 31 December, up from $1.08 a year earlier and above the $1.08 analysts believe the company would again book.

Hershey’s forecast for its 2017 non-GAAP diluted earnings per share was a range of $4.72 to $4.81, above the $4.64 consensus analyst forecast and which would equate to a 7-9% rise in 2016.

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