The big story for earnings season is continuing to play out: The strong dollar is notably affecting revenues for multinationals.» Read More
Some of the names on the move ahead of the open.
Jan 29- Chocolate maker Hershey Co reported a lower-than-expected quarterly revenue as demand for bakery and meat snacks hurt chocolate sales. Hershey's net income rose to $202.5 million, or 91 cents per share, in the fourth quarter ended Dec. 31, from $186.1 million, or 82 cents per share, a year earlier. Revenue rose 2.7 percent to $2.01 billion.
Angry British chocolate-lovers are angered by a lawsuit brought by Hershey’s, which bars the import of chocolates made in the U.K. by Cadbury.
Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...
Declines in dairy prices are cutting costs on cheesecake and chocolate bars, increasing profit margins and raising analyst ratings on related stocks.
“Mad Money” host Jim Cramer thinks you should open wide and take a big bite of this new offering
Hershey was both downgraded and upgraded this week. Jim Cramer takes a look at the bulls and the bears, to find one sweet deal.
The historic blizzard bearing down on the East Coast will likely be bullish for energy and public utility firms, if the past is any guide.
ZURICH, Jan 21- Swiss chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 percent in the quarter to November helped by higher cocoa bean prices. Barry Callebaut said it conducted 99 percent of its business outside of Switzerland so had limited operational exposure to the surging franc,...
Copart has become the model for exceptional business performance in the United States, according to one metric.
As candy lovers around the world contribute to a global chocolate deficit, one chocolatier has a simple solution to the brewing crisis.
When the price of sugar falls, things get sweeter for processed food manufacturers such as J.M. Smucker and Hershey, if history is a guide.
NEW YORK, Dec 2- The Hershey Co may replace corn syrup with sugar in some products, the latest sign of waning demand for the syrup and growing competition in the sweetener market. The move, first reported by the Associated Press, comes at a critical time for corn syrup makers, which have been facing more scrutiny from public health officials and nutrition experts, and...
Investors might want to check out a handful of stocks in the consumer staples sector that analysts say could be trading at a discount.
The short-term result of the election may be bullish for the market but we are headed for dangerous times, says hedge-fund manager Todd Schoenberger.
Hedge-fund manager Todd Schoenberger takes your questions. The first one is from a "Janet Y" in Washington, DC ...
Stocks were little moved Wednesday, as Facebook declined and Wall Street looked to the Federal Reserve's policy decision.
*Orbital Sciences falls after rocket explosion. DuPont, down 2 percent at $66.62, was the largest drag on the materials sector of the S&P 500 after it said there were "competitive advantages" in keeping its businesses together. Activist investor Nelson Peltz has urged DuPont to separate its various businesses in a move that has supported the company's shares.
Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.
Orbital Sciences falls after rocket explosion. NEW YORK, Oct 29- U.S. stocks edged higher on Wednesday boosted by gains in the energy sector, with traders looking forward to a statement from the U.S. In a typical quarter since 1994, 63 percent of companies beat estimates, according to Thomson Reuters data.