Investing.com - Hershey reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Hershey announced earnings per share of $1.31 on revenue of $1.71B. Analysts polled by Investing.com anticipated EPS of $1.13 on revenue of $1.74B.
Hershey shares are down 5% from the beginning of the year and are trading at $138.46 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.4% from the start of the year.
Hershey follows other major Consumer/Non-Cyclical sector earnings this month
Hershey's report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of $0.42 on revenue of $7.2B, compared to forecasts EPS of $0.4 on revenue of $7.21B.
PepsiCo had beat expectations on Monday, July 13, 2020 with second quarter EPS of $1.32 on revenue of $15.95B, compared to forecast for EPS of $1.25 on revenue of $15.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar