Hain Celestial Group Sees 2010 Profit Below Street

MELVILLE, N.Y. (AP) — The Hain Celestial Group Inc., which makes Celestial Seasonings tea, on Tuesday it expects to report a profit in fiscal 2010, which ends in June.

The company said it expects earnings of $1.19 to $1.28 per share, while analysts surveyed by Thomson Reuters, on average, predict a profit of $1.36 per share.

It predicts revenue of $1.01 billion to $1.03 billion, while analysts expect revenue of $1.22 billion.

In fiscal 2009 net loss totaled $24.7 million, or 61 cents per share, from a profit of $41.2 million, or 99 cents per share last year.

Revenue rose 8 percent to $1.14 billion from $1.06 billion last year.