Hershey profit jumps 72%


Hershey – The U.S. confectionery manufacturer Hershey Foods Corp.. (ISIN US4278661081 / WKN 851297) recorded in the second quarter earnings and lifted at the end of the year forecast.

As the group on Thursday said sales in the reporting period was 1.17 billion U.S. dollars, after 1.11 billion U.S. dollars in the year-earlier period. The net profit was 71.3 million U.S. dollars or 31 cents per share estimates, to 41.5 million U.S. dollars, or 18 cents per share in the same period last year. Adjusted for one-off effects, the earnings per share in the quarter at 43 cents situated. In the second quarter was mainly from higher sales prices can benefit, said the group then. Analysts had an EPS of 35 cents and revenues of 1.13 billion U.S. dollars is expected.

For the full year, Hershey expects a profit growth above the targeted range as 6-8 percent in adjusted earnings per share. The analysts’ estimates for the full year at an EPS of $ 1.99 and revenues of 5.30 billion dollars.

Shares of Hershey was last quoted at $ 38.95. (23.07.2009/ac/n/a)

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