ie8 fix
Ad: Read more on Cloud Computing

October 26, 1999 11:50 AM PDT

Short Take: Hershey blames computer problems for low earnings

Hershey posted a 19 percent drop in quarterly net earnings, citing continuing warehouse and order-taking problems. The company, which uses German software giant SAP's business applications, said net income slipped to $87.6 million, or 62 cents a share, compared to $107.5 million, or 74 cents a share, in the year-ago quarter. The company said computer problems have created a backlog of orders and slower deliveries. The software the company is using is expected to help automate customer services, warehousing, and order fulfillment.

 

Join the conversation

Add your comment

The posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.

ie8 fix

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.

Markets

Market news, charts, SEC filings, and more

Related quotes

Dow Jones Industrials (-0.60%) -74.92 12,454.83
S&P 500 (-0.22%) -2.86 1,317.82
NASDAQ (-0.07%) -1.85 2,837.53
CNET TECH (-0.20%) -4.05 2,040.30
  Symbol Lookup
ie8 fix
  • Recently Viewed Products
  • My Lists
  • My Software Updates
  • Promo
  • Log In | Join CNET