Skip to content
Subscriber Only

Hain Celestial Tumbles as Earnings Beats End Amid Slowing Sales

Hain Celestial Group Inc. shares tumbled to a three-month low after profit failed to beat estimates for the first time in five quarters as sales growth slowed.

The organic food and beverage company reported adjusted fiscal third-quarter earnings of 45 cents a share, in line with the average estimate of analysts in a Bloomberg survey. Profit in the previous four quarters surpassed forecasts by an average of 1.9 percent. Revenue grew 19 percent to $662.7 million for the smallest increase in more than a year.