LAKE SUCCESS, N.Y. (AP) _ The Hain Celestial Group Inc. (HAIN) on Thursday reported a loss of $107 million in its fiscal first quarter.
The Lake Success, New York-based company said it had a loss of $1.03 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The organic and natural products company posted revenue of $482.1 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $493.2 million.
Hain Celestial expects full-year earnings in the range of 59 cents to 72 cents per share.
Hain Celestial shares have climbed 53% since the beginning of the year. The stock has decreased slightly more than 7% 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
Automated Insights, source Associated Press News