April 25, 2019 / 11:12 AM / 2 months ago

Hershey's quarterly sales beat estimates

April 25 (Reuters) - Hershey Co’s quarterly revenue topped Wall Street estimates on Thursday, as the chocolate maker benefited from its snacking brands acquisitions.

Sales rose 2.3 percent to $2.02 billion, narrowly beating the average analyst estimate of $2 billion, according to IBES data from Refinitiv.

Net income attributable to the Pennsylvania-based company fell to $304.4 million, or $1.45 per share, in the first quarter ended March 31, from $350.2 million, or $1.65 per share, a year earlier. (Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

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