Revenue Update on Hershey Co(NYSE:HSY)

Hershey Co(NYSE:HSY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $1.970B. Analysts estimated a revenue of $1.980B. The revenues were -0.51% below the estimates. Earnings per share were $1.17. The reported EPS was above estimates by 9.35%. Analysts had estimated an EPS of $1.07.

Hershey Co (HSY) shares turned negative on Tuesdays trading session with the shares closing down -0.22 points or -0.20% at a volume of 14,47,611. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $108.06. The peak price level was also seen at $108.06 while the days lowest was $107.06. Finally the shares closed at $107.19. The 52-week high of the shares is $117.79 while the 52-week low is $87.38. According to the latest information available, the market cap of the company is $22,749 M.

Several Insider Transactions has been reported to the SEC. On Jan 19, 2017, D Michael Wege (SVP, GS, India, ME, Comm & CSR) sold 1,100 shares at $104.82 per share price.Also, On Jan 4, 2017, Michele Buck (EVP, Chief Operating Officer) sold 2,000 shares at $103.84 per share price.On Nov 9, 2016, Trust Co Trustee In Tr Hershey (10% owner) purchased 49,500 shares at $101.60 per share price, according to the Form-4 filing with the securities and exchange commission.

The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Company’s principal confectionery offerings include chocolate and sugar confectionery products; pantry items such as baking ingredients toppings and beverages; snack items such as spreads and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures imports markets sells or distributes chocolate sugar confectionery and other products. This includes operations in Asia Latin America Europe Africa and the Middle East along with exports to these regions. This segment also includes its global retail operations including Hershey’s Chocolate World stores.

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