Why Hain Celestial Stock Got Crushed Today
Shares of Hain Celestial (NASDAQ: HAIN) have gotten crushed today, closing down by 8% after the company reported fiscal fourth-quarter earnings. The results were mixed compared to consensus estimates and Hain is bracing itself for growth to decelerate.
Revenue in the fiscal fourth quarter came in at $511.7 million, which was shy of the $519.4 million in sales that analysts were modeling for. That resulted in adjusted net income of $32.3 million, or $0.32 per share. Wall Street was looking for just $0.27 per share in adjusted profits.
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Source Fool.com
