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The Wall Street Journal: Hershey’s third-quarter earnings rise

Hershey Co. said revenue and profit rose in its third quarter as the chocolate maker continues to search for a new leader and craft a path forward as an independent company after a rejected takeover.

Hershey HSY, -0.67% now expects annual adjusted earnings per share to be between $4.28 and $4.32, above its previous range of $4.24 to $4.28. Analysts had expected annual earnings per share of $4.26. Hershey continues to expect annual sales to rise 1%.

Hershey is looking for a new chief executive after the company said earlier this month that Chief Executive J.P. Bilbrey will retire as chief executive next July to spend more time with his family but remain as chairman.

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