Tuesday, Hain Celestial Group Inc. (HAIN) reported fourth-quarter net income of $1.3 million or $0.03 per share, compared to net income of $6.5 million or $0.16 per share in the same quarter last year.
On an adjusted basis, the company reported earnings of $0.28 per share for the quarter.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter was $262.7 million, down from $278.3 million in the comparable quarter last year. Analysts expected the company to report revenue of $287.43 million.
For the full year 2010, the company expects net sales in the range of $1.010 billion - $1.030 billion with earnings in the range of $1.19 - $1.28 per share. Sales are expected to increase from 4% - 6% from the year ago period. Analysts currently anticipate the company to earn $1.36 per share on revenue of $1.22 billion.
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