Shares of Hershey wavered Thursday as investors digested the chocolatier’s quarterly earnings report, as soaring cocoa prices cut significantly into the food company’s profits.Hershey stock fell 3.5% shortly at market open, which would have been its worst day of the year, before bouncing back to a milder 1% loss.
Hershey’s $1.27 earnings per share came well short of consensus analyst estimates of $1.44, with profits falling 37% year-over-year, and its $2.1 billion of Q2 revenues came shy of forecasts of $2.3 billion, marking a 17% year-over-year decrease.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market StrategyDiscover what to expect from Apple’s Q3 earnings report on 2 August, with a focus on financial forecasts, share repurchases, and the tech giant's strategy as it navigates challenges in China.
स्रोत: DailyFX - 🏆 305. / 63 और पढो »
Earnings playbook: Your guide to a busy week of earnings, including Alphabet and TeslaWall Street will get its first glimpse of Big Tech earnings this week.
स्रोत: CNBC - 🏆 12. / 72 और पढो »
Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and moreThese are the stocks posting the largest moves in premarket trading.
स्रोत: CNBC - 🏆 12. / 72 और पढो »
Microsoft Earnings: Stock Tanks As AI Business Growth Worse Than ExpectedDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
स्रोत: Forbes - 🏆 394. / 53 और पढो »