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Hain Celestial: Fiscal 4Q Earnings Snapshot

LAKE SUCCESS, N.Y. (AP) _ The Hain Celestial Group Inc. (HAIN) on Tuesday reported a fiscal fourth-quarter loss of $69.9 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 67 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 27 cents per share.

The results topped 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 $619.6 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $628.6 million.

For the year, the company reported profit of $9.7 million, or 9 cents per share. Revenue was reported as $2.46 billion.

Hain Celestial expects full-year earnings in the range of $1.21 to $1.38 per share, with revenue in the range of $2.5 billion to $2.56 billion.

Hain Celestial shares have fallen 33 percent since the beginning of the year. The stock has declined 29 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