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Hain Celestial: Fiscal 2Q Earnings Snapshot

LAKE SUCCESS, N.Y. (AP) _ The Hain Celestial Group Inc. (HAIN) on Thursday reported a fiscal second-quarter loss of $66.5 million, after reporting a profit in the same period a year earlier.

The Lake Success, New York-based company said it had a loss of 64 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 14 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The organic and natural products company posted revenue of $584.2 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $612 million.

Hain Celestial expects full-year earnings in the range of 60 cents to 70 cents per share, with revenue in the range of $2.32 billion to $2.35 billion.

Hain Celestial shares have increased 12 percent since the beginning of the year. The stock has dropped 51 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAIN at https://www.zacks.com/ap/HAIN