Hain Celestial Q1 Profit Rises

(RTTNews) - Hain Celestial Group, Inc. (HAIN) Tuesday reported first-quarter net income of $27.7 million or $0.57 per share, compared to $16.4 million or $0.35 per share last year.

Adjusted earnings for the quarter were $0.52 per share compared to $0.41 per share last year. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

The company reported net sales of $477.5 million, a 33 percent increase, compared to net sales of $359.8 million last year. Analysts expected sales of $474.83 million for the year.

Looking ahead, the company reaffirmed its full-year 2014 guidance with earnings in the range of $2.95 to $3.05 per share and sales of $2.025 billion to $2.050 billion. Analysts currently expect full-year earnings of $3.02 per share on revenues of $2.05 billion.