Actionable news
0
All posts from Actionable news
Actionable news in HSY: THE HERSHEY COMPANY,

Hershey (HSY) Stock Falling as Candy Demand Sours

NEW YORK (TheStreet) -- Shares of The Hershey Co. (HSY - Get Report) are down by 2.62% to $91.86 in pre-market trading on Wednesday morning, after the chocolate and candies maker reported a 31% decline in its 2015 third quarter earnings.

Hershey posted quarterly profit of $158.8 million, or 70 cents per share, compared to the $223.7 million, or $1 per share the company reported for the 2014 third quarter.

Restructuring charges and weaker than expected candy, mint and gum consumption in the U.S. impacted earnings and resulted in the company lowering its sales outlook for the full year.

STOCKS TO BUY: TheStreet Quant Ratings has identified a...


More