The quarterly profits of Hershey Co, maker of Kit Kat bars, Reese’s peanut butter cups, and Hershey’s Kisses, have topped estimates from analysts from Wall Street. The official numbers are 46.7 million dollars for the most recent quarter, or an equivalent of 20 cents for a share. The overall earnings of Hershey, not including items, is 51 cents per share. On the other hand, comparing this to last year’s earnings, Hershey is down from 31 cents per share, or an equivalent of 71.3 million dollars. Still, the estimation of the analysts for this quarter’s profit is lower than the actual profits, as the analysts were predicting that Hershey Co will only increase by 46 cents per share. In other news, Bristol-Myers Squibb Co. is also a winner as it also topped the predictions by analysts for this quarter’s earnings. The main reason why the company profited so much for this quarter is the large amount of sales of its product Plavix, which they also incidentally reduced the price, and is a product which thins the blood. Also, Bristol-Myers Squibb Co. also increased sales in hepatitis and HIV treatments. Future plans for the drug making company include reducing its costs by around 2.5 billion dollars by the year 2012 and focus more on biotechnology. The company will also look for ways to swap medicines which will face a tough competition against generic counterparts.

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