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Hershey Tops Estimates by 2 Cents

Hershey

(HSY) - Get Hershey Company (HSY) Report

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.

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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.