Earnings from Hershey and ICE

It’s a busy morning today. First, we had the jobless claims report. Weekly jobless claims were 238,000. That was a little below expectations of 245,000. This data series has crept higher over the past two months. The government will release its jobs report for January tomorrow.

We also had two Buy List earnings reports. Intercontinental Exchange (ICE) said it made $1.34 per share. That was two cents more than expectations. ICE also raised its quarterly dividend by 15%, from 33 to 38 cents per share. The first quarter cash dividend is payable on March 31 to stockholders of record as of March 17.

Hershey (HSY) reported earnings of $1.69 which topped the consensus estimate of $1.61 per share. Hershey said it expects 2022 earnings of $7.84 to $7.98 per share. The consensus on Wall Street had been for $7.57 per share.

Posted by on February 3rd, 2022 at 9:04 am


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