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Shares of Hain Celestial tumble after it narrowly beats fiscal 4Q earnings, but revenue comes in light

Last updated: 13:30 28 Aug 2018 EDT, First published: 13:01 28 Aug 2018 EDT

A display of Hain Celestial Group products
In addition to popular organic foods, Hains has a line of personal care products for skin and hair which are parabens and sulfate free

Shares of Hain Celestial Group Inc (NASDAQ:HAIN) fell Tuesday after the natural and organic beverage, snack and specialty food company reported fiscal fourth-quarter earnings that narrowly beat earnings, but revenue came in much lighter than expected.   

The Lake Success, New York-based company reported earnings of US$0.27 per share on revenue of US$619.6mln. The consensus earnings estimate among seven analysts was US$0.26 per share on revenue of US$628.6mln. Revenue fell 14.5% compared to the same quarter a year ago.

According to Zacks, the company has topped consensus revenue estimates just once over the last four quarters.

The stock was down 3.9% to US$27.48 in afternoon trading.

In addition to popular organic foods, Hains has a line of personal care products for skin and hair made with vegetarian ingredients with no parabens, or harsh sulfates. 

Hain Celestial expects full-year earnings in the range of US$1.21 to US$1.38 per share, with revenue in the range of US$2.5bn to US$2.56bn. The current consensus earnings estimate is calls for US$1.32 per share on revenue of US$2.53bn for the year ending June 30, 2019.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter@UttaraProactive 

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