This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Thursday's Winners & Losers: Hershey

Hershey (HSY) was among the NYSE's losers Thursday, falling 2.4% after the chocolate maker posted mixed second-quarter results and issued full-year earnings guidance below expectations.

The company posted adjusted earnings of $81.7 million, or 35 cents a share, on revenue of $1.05 billion. Analysts polled by Thomson Financial expected earnings of 35 cents a share on revenue of $1.07 billion. During the year-earlier quarter, the company earned $99.7 million, or 42 cents a share, on revenue of $1.05 billion.

Looking ahead, Hershey sees full-year adjusted earnings of $2.25 a share. Analysts project earnings of $2.46 a share. Shares were trading down $1.22 to $48.72.

Knoll (KNL) slumped 10% after the maker of office furniture posted solid second-quarter results but warned that third-quarter results would fall short of expectations. The company posted adjusted earnings of $17.5 million, or 37 cents a share, on revenue of $272.1 million. Analysts expected earnings of 36 cents a share on revenue of $270 million. During the year-earlier period, the company earned $14.8 million, or 28 cents a share, on revenue of $247.5 million.

Looking ahead, Knoll sees third-quarter earnings of 33 cents to 36 cents a share on revenue of $243 million to $253 million. Analysts project earnings of 40 cents a share on revenue of $268 million. Shares were trading down $2.34 to $20.14.

Shares of Reliance Steel & Aluminum (RS) fell 6.2% after the metal processing services company posted mixed second-quarter results and issued third-quarter earnings guidance below expectations. The company earned $122.8 million, or $1.59 a share, on revenue of $1.9 billion. Analysts expected earnings of $1.57 a share on revenue of $1.93 billion. During the year-earlier period, the company earned $100.5 million, or $1.32 a share, on revenue of $1.56 billion.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,099.25 +28.03 0.16%
S&P 500 1,979.87 +2.07 0.10%
NASDAQ 4,512.2410 +6.3890 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs