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Hershey Shares Surge on Earnings Beat

Shares of the chocolate manufacturer were higher Friday on a strong earnings beat.

Shareholders of Hershey (HSY) - Get Report got an early Halloween treat Friday after the chocolate manufacture booked better-than-expected quarterly earnings, largely thanks to U.S. shoppers stocking up for the holiday. The company's CEO John Bilbrey says, "Our U.S. business benefited from performance within key retail channels and Halloween programming and merchandising in the marketplace." The $1.29 a share earnings report topped analyst estimates by $0.11 a share. Meanwhile, Hershey also raised its guidance for 2016 EPS to a range of $4.28 to $4.32, above consensus estimates of $4.26.

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