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Hershey Falls on Earnings as Consumers Lose Sweet Tooth

Shares of Hershey Co. fell following its disappointing fourth quarter earnings report, making it TheStreet’s Move of the Day.

Shares of Hershey Co. (HSY) fell following its disappointing fourth quarter earnings report, making it TheStreet’s Move of the Day. The chocolate maker reported profit and revenue below analysts' expectations for the fourth quarter. Hershey has guided for full year earnings of between $4.30 per share to $4.38 per share, below analysts' 2015 estimates. Hershey says that a stronger U.S. dollar is hurting its business. The company added that sales have been slowing in both the domestic and international markets, due to rising cocoa and dairy prices. Hershey also announced that it acquired a manufacturer of jerky products, called KRAVE Pure Foods. TheStreet's Kurumi Fukushima reports from New York.

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