UPLD - S&P 500 Rises Over 1%; Hershey Earnings Top Views | Benzinga
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 1% on Friday.
The Dow traded up 1.27% to 38,712.21 while the NASDAQ rose 2.14% to 16,179.29. The S&P 500 also rose, gaining, 1.36% to 5,133.12.
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Leading and Lagging Sectors
Information technology shares rose by 3.3% on Friday.
In trading on Friday, energy shares fell by 0.5%.
Top Headline
Hershey Company (NYSE:HSY) reported better-than-expected first-quarter FY24 earnings.
The company reported first-quarter FY24 sales growth of 8.9% year-on-year to $3.252 billion, beating the analyst consensus estimate of $3.112 billion. Adjusted EPS of $3.07 beat the analyst consensus of $2.76.
Hershey reaffirmed FY24 net sales growth of about 2% – 3% versus an estimate of $11.47 billion and adjusted EPS of $9.59 against the consensus of $9.57.
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