Hain Celestial Group Q2 Profit Rises; Lifts FY14 Outlook - Quick Facts

(RTTNews) - Hain Celestial Group, Inc. (HAIN) Tuesday reported second-quarter net income of $41.2 million or $0.84 per share, compared to $31.6 million or $0.67 per share last year.

Adjusted earnings for the quarter were $0.87 per share compared to $0.74 per share last year. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.87 per share for the quarter. Analysts' estimates typically exclude special items.

The company reported net sales of $534.88 million, a 18 percent increase, compared to net sales of $455.32 million last year. Analysts expected sales of $537.75 million for the year.

Looking ahead, the company now expects its full-year 2014 earnings to be in the range of $3.07 to $3.15 per share and sales of $2.12 billion to $2.15 billion. Analysts currently expect full-year earnings of $3.11 per share on revenues of $2.14 billion.

Earlier, the company expected earnings to be in the range of $2.95 to $3.05 per share and sales of $2.03 billion to $2.05 billion.