The pressure is on for those earnings to support the market's current valuations, after weeks of choppy trading.» Read More
Minneapolis- based Cargill had been in late-stage talks to buy the business, which spans bean pressing in Abidjan in Ivory Coast to fine chocolate making in Belgium. The combined company would have been big enough to rival Swiss chocolate maker Barry Callebaut, the world's largest industrial chocolate producer.
Hershey CEO John P. Bilbrey discusses its buyback and the weather's impact on consumers. The buyback is part of our capital structure and positive for the company, he says. CNBC's Sara Eisen reports.
Too many individuals approach tech stocks in a way that’s unlikely to generate profits, said Cramer. You aren't one of them, are you?
Some of Thursday's midday movers:
Hershey announced Thursday it has teamed up with a 3-D printing company to bring the technology to chocolate.
In May 2010, 16 of the biggest food and beverage companies, from Coca-Cola Co to Kraft Foods Group, pledged to remove 1 trillion calories from the U.S. marketplace by 2012 and 1.5 trillion by 2015, compared with a 2007 baseline. In fact, as of 2012 they sold 6.4 trillion fewer calories, found an analysis by researchers at the University of North Carolina at Chapel Hill.
An effort by food and beverage companies to remove calories from the products they sell in the U.S. has far exceeded its five-year goal.
In May 2010, 16 of the nation's biggest food and beverage companies, from Coca-Cola Co to Kraft Foods Group, pledged to remove 1 trillion calories from the U.S. marketplace by 2012 and 1.5 trillion by 2015, compared with a 2007 baseline.
The "Fast Money" traders share their final trades of the day.
Replacing a ton of cocoa has gone from $2,200 to $2,700, reports CNBC's Jane Wells.
"There is a lot more demand in the world for cocoa and chocolate," said Larry Graham, president of the National Confectioners Association.
Investors have made some nice profits on chocolate stocks and with growth in Asia exploding, the chocolate outlook is strong, this trader says.
Halloween candy sales are projected to top $2.3 billion, up 1 percent from last year.
Take a look at some of Thursday midday movers:
U.S. stock index futures signaled a higher open on Thursday, with markets still boosted by raised hopes the Federal Reserve will not start tapering off its asset purchases until next year.
The No. 1 candy producer in the United States said third-quarter net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share a year earlier. Sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012. Analysts were expecting sales of $1.88 billion, according to Thomson Reuters I/B/E/S.
-Hershey Co reported higher quarterly earnings on Thursday because of strong candy sales across the United States. The chocolate company said net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share, a year earlier. Its sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012..
With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
The iconic American candymaker is also targeting global markets with new products.