The Hain Celestial Group, Inc. (NASDAQ:HAIN) reports 3Q18 earnings; Misses Estimate

The Hain Celestial Group, Inc. (NASDAQ:HAIN) revealed net income for the third quarter of $ 12.69 million or 12 cents per share, compared to income of $ 31.33 million or 30 cents per share, in the year-ago period.

On adjusted basis, HAIN reported income of $ 38.59 million or 37 cents per share.

Headquartered in Lake Success, New York, the company disclosed, net sales that reached $ 632.72 million, rose 7% from $ 588.80 million a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.47 per share from $ 747.24 million in revenue.

The continued strength of our international businesses in the United Kingdom, Europe, Canada and key emerging markets, including India and the Middle East, fueled our third quarter financial results,” said Irwin D. Simon, Founder, President and CEO of Hain Celestial

At the same time, HAIN anticipates full year 2018 earnings of $1.11 to $1.18 per share, where as net sales for the full year expected to be $2434 million to $2503 million.

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