Hershey (HSY) Tops Q3 EPS by 6c; Increases Guidance
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Hershey Company (NYSE: HSY) reports Q3 EPS of $0.73, above the consensus of $0.67. Sales were $1.48 billion, versus the consensus of $1.54 billion.
Raised 2009 adjusted earnings be in the $2.12 to $2.14 range, versus the consensus of $2.08.
Hershey expects 2010 net sales growth to be within their 3 to 5 percent long-term objective. Expect growth in adjusted earnings per share-diluted to be within their long-term objective of 6 to 8 percent.
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