Hershey Tops Estimates by 2 Cents

01/30/01 - 02:52 PM EST

Aileen Gallagher

Earnings Scorecard
Actual Estimated* Year-Ago
$0.84 $0.82 $0.70

Hershey (HSY Quote - Cramer on HSY - Stock Picks) reported earnings of 84 cents a share for the fourth quarter, beating Wall Street estimates by two cents.

Net earnings in fourth quarter rose to $116 million, up from $98 million, or 70 cents a share, in the year-ago period.

The chocolate maker posted revenue of $1.2 billion in the fourth quarter, up from $1.1 billion in the year-ago period.

The consensus estimate from 15 analysts polled by First Call/Thomson Financial was 82 cents a share.

In afternoon trading on the New York Stock Exchange, Hershey gained 23 cents, or 0.4%, to $59.54.

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