Hershey Announces Fourth Quarter and Full-Year 2009 Results; Reaffirms Outlook for 2010; Increases Quarterly Dividend

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Open: 37.85
Low: 36.95
High: 37.96
Close: 37.20



Gap up!

The real body hit the Parabolic SAR to signal a possible uptrend in the daily chart.

Hopefully HSY will test resistance at 39 :)

Hershey Announces Fourth Quarter and Full-Year 2009 Results; Reaffirms Outlook for 2010; Increases Quarterly Dividend


HERSHEY, Pa., Feb 02, 2010 (BUSINESS WIRE) -- The Hershey Company (NYSE: HSY):

Fourth quarter and full-year 2009 net sales increase 2.2% and 3.2%, respectively

Fourth quarter earnings per share-diluted of $0.55 as reported and $0.63 adjusted

Full-year 2009 earnings per share-diluted of $1.90 as reported and $2.17 adjusted

Outlook reaffirmed for 2010 growth in net sales of 3-5% and an increase in adjusted earnings per share-diluted of 6-8%

Quarterly dividend declared and increased 7.6% on Common Stock

The Hershey Company (NYSE: HSY) today announced sales and earnings for the fourth quarter ended December 31, 2009. Consolidated net sales were $1,407,336,000 compared with $1,377,380,000 for the fourth quarter of 2008. Reported net income for the fourth quarter of 2009 was $126,779,000 or $0.55 per share-diluted, compared with $82,155,000 or $0.36 per share-diluted for the comparable period of 2008.





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