Markets HAIN

Hain Celestial Q3 Loss Narrows, Stock Up In Pre-market

(RTTNews) - The Hain Celestial Group, Inc. (HAIN), a packaged food company, Monday reported lower loss for the third quarter compared to the same period last year. However, revenue declined.

In pre-market, HAIN shares were trading up 12 percent.

Quarterly loss narrowed to $106 million $1.17 per share from $135 million or $1.49 per share of last year, on account of lower goodwill impairment charge of $31 million this quarter as opposed to $110.25 million of the previous year.

Excluding items, loss was $1.25 million or $0.01 per share compared to earnings of $6.05 million or $0.07 per share in the prior period.

However, revenue decreased 13 percent to $338 million from $390 million of the same period, last year.

In pre-market activity, HAIN shares were trading at $0.73, up 12.09% on the Nasdaq.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available