Hershey Q3 Adj. EPS $2.60 Beats $2.45 Estimate, Sales $3.03B Beat $2.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hershey (NYSE:HSY) reported Q3 earnings of $2.60 per share, beating the analyst consensus estimate of $2.45 by 6.12%. This is a 19.82% increase from the same period last year. The company also reported quarterly sales of $3.03 billion, beating the analyst consensus estimate of $2.95 billion by 2.68%, a 11.03% increase from the same period last year.
October 26, 2023 | 10:49 am
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POSITIVE IMPACT
Hershey's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Hershey's earnings and sales for Q3 have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The significant increase in earnings and sales from the same period last year further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100