The Hershey Company (HSY) was a little up +0.44% to $147.22. Due to the high demand for its confectionery in the middle of a pandemic, HSY unveiled better-than-expected annual financial targets. The company beat consensus in the quarter, benefiting largely from the strength of the U.S. market. There was $291 million in quarterly net profits, or $1.39 per share, compared to $207 million a year ago. Consolidated sales, with equivalent organic growth, rose 6 percent to $2.19 billion.
Bristol-Myers Squibb Company (BMY) was stable at -0.76% to $61.56. For the fourth fiscal quarter, BMY reported sales of $11.1 billion, taking the yearly figure to $42.5 billion. The GAAP quarterly loss per share was $4.45, but the $1.46 adjusted EPS was positive. The consensus was $1.41 EPS and billings of $10.73 billion. For the year, adjusted earnings per share were $6.44. Its 2021 outlook on non-GAAP earnings per share was also updated by the company. The company completed MyoKardia’s takeover, expanding its pioneering cardiovascular franchise.
American Airlines Group Inc. (AAL) was down -1.14% to $17.4. AAL implies that after a program to assist the airline industry expires on 1 April, some 13,000 of its workers will be at risk of redundancy. The U.S. airline cites falling demand and sluggish coronavirus vaccines, as well as limitations on travel.
Yum! Brands, Inc. (YUM) was down -1.66% to $102.99. YUM posted better-than-expected fourth-quarter results, with Pizza Hut and Taco Bell’s success offsetting weaknesses by KFC. For the same time last year, quarterly net income was $332 million, or $1.08 per share, compared to $488 million. Compared with a FactSet consensus of $1.01, adjusted earnings per share is $1.15. Quarterly sales amounted to 1.74 billion dollars.