Two Quarterly Reports: Hershey and Verizon

Filed under: Earnings Reports, Hershey Co (HSY), Verizon Communications (VZ)

Let's take a brief look at a couple companies that reported quarterly earnings this week that couldn't be more different: one sells candy while the other sells telecommunication services. Both, however, pay dividends, although one is set at a much higher yield than the other.

We'll go with the confectioner first. Hershey (HSY) issued second-quarter results that I thought were appealing. According to the press release, sales increased more than 5%, and on an adjusted basis, net income jumped 19% to 51 cents per share. Analysts believed the business was capable of delivering only 46 cents per share. This is a nice follow-up to the first-quarter release.

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Two Quarterly Reports: Hershey and Verizon originally appeared on BloggingStocks on Sat, 24 Jul 2010 12:10:00 EST. Please see our terms for use of feeds.

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