Hain Celestial: Fiscal 4Q Earnings Snapshot
LAKE SUCCESS, N.Y. (AP) _ The Hain Celestial Group Inc. (HAIN) on Thursday reported a loss of $13.6 million in its fiscal fourth quarter.
The Lake Success, New York-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 21 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The organic and natural products company posted revenue of $557.7 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $581.1 million.
For the year, the company reported a loss of $183.3 million, or $1.76 per share, swinging to a loss in the period. Revenue was reported as $2.3 billion.
Hain Celestial expects full-year earnings in the range of 59 cents to 72 cents per share.
Hain Celestial shares have climbed 16% since the beginning of the year. The stock has dropped 31% in the last 12 months.