Hershey: Q4 Earnings Snapshot

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HERSHEY, Pa. (AP) — HERSHEY, Pa. (AP) — Hershey Co. (HSY) on Thursday reported fourth-quarter profit of $349 million.

The Hershey, Pennsylvania-based company said it had profit of $1.70 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.02 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The chocolate bar and candy maker posted revenue of $2.66 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.72 billion.

For the year, the company reported profit of $1.86 billion, or $9.06 per share. Revenue was reported as $11.16 billion.

Hershey expects full-year earnings to be $9 to $9.11 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HSY at https://www.zacks.com/ap/HSY