NEW YORK (

TheStreet

) --

Hershey

(HSY) - Get Hershey Company (HSY) Report

and

Lorillard

(LO)

shares charged higher Tuesday after the consumer stocks beat quarterly profit expectations.

Stanley Black & Decker

(SWK) - Get Stanley Black & Decker, Inc. Report

also traded higher ahead of its earnings report, due after the closing bell.

Hershey booked a profit of $160.1 million, or 70 cents per share, up 8.5% from earnings of $147.4 million, or 64 cents per share, in the year-earlier quarter.

>> 15 Food Stocks Hit by Commodity Inflation

Adjusted for one-time items, Hershey would have earned 72 cents per share, topping expectations for a profit of 70 cents per share.

Hershey said sales jumped 11% to $1.56 billion, higher than the $1.48 billion analysts had been looking for.

For Lorillard, increased market share of cigarette sales helped the Greensboro, N.C.-based company top expectations with earnings of $248 million, or $1.71 per share, up 6.9% from a year-earlier profit of $232 million, or $1.50 per share.

Revenue soared 13% to $1.5 billion.

>> FDA Mulls Ban on Newports, Menthol Cigarettes

Analysts had expected Lorillard to earn $228.8 million, or $1.57 per share, on revenue of $960.6 million.

Lorillard said its market share grew 1.5% to 14.1% of cigarette sales in the recent quarter.

TheStreet Recommends

Hershey shares rose 1.2% to $57.33 in afternoon trading Tuesday while Lorillard's stock jumped 3.9% to $103.52.

Stanley Black & Decker gained 0.7% to trade at $77.11 ahead of its earnings report.

Analysts expect the power tool maker to earn $169.7 million, or $1.01 per share, on revenue of $2.37 billion.

-- Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here:

Miriam Reimer

.

>To follow the writer on Twitter, go to

http://twitter.com/miriamsmarket

.

>To submit a news tip, send an email to:

tips@thestreet.com

.

READERS ALSO LIKE:

>> Takeover Targets: Consumer Stocks in Play

>> Starbucks to Grow Grocery Business Tenfold

>> Education Stocks: 2011 Outlook

>> Dunkin' Donuts IPO Bound: Reports

>>See our new stock quote page.

Get more stock ideas and investing advice on our sister site,

Stockpickr.com.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.