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Hain Celestial profit misses consensus by 17.8% in fiscal Q3

Hain Celestial Group Inc. said its normalized net income for the fiscal third quarter ended March 31 was 40 cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.

EPS rose 14.8% year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $42.0 million, an increase of 15.1% from $36.5 million in the year-earlier period.

The normalized profit margin rose to 5.9% from 5.5% in the year-earlier period.

Total revenue climbed 13.1% year over year to $749.9 million from $662.7 million, and total operating expenses grew 13.9% on an annual basis to $675.2 million from $592.7 million.

Reported net income increased 47.3% on an annual basis to $48.9 million, or 47 cents per share, from $33.2 million, or 32 cents per share.