Why The Hain Celestial Group, Inc. Stock Popped 14.1% in November
Shares of The Hain Celestial Group, Inc. (NASDAQ: HAIN) climbed 14.1% in November, according to data from S&P Global Market Intelligence, after the organic and natural packaged foods specialist returned to growth in its latest quarter.
That's not to say Hain's rise happened all at once. Rather, the stock's gradual climb last month began in earnest after it announced that fiscal first-quarter 2018 revenue had climbed 3.9%, to $708.3 million. That was well above Wall Street's average estimate for $697 million and reversed year-over-year declines of 2% and 1% in the fiscal 2017 third and fourth quarters, respectively.
On the bottom line, Hain's adjusted net income per share skyrocketed more than 64% to $0.23, matching investors' expectations.
Source: Fool.com
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