UPDATE 1-Hain Celestial Q1 results lag estimates
* Q1 EPS $0.20 vs est $0.23 * Q1 Sales $230.5 mln vs est $249.4 mln * Backs FY10 outlook
Nov 5 (Reuters) - Hain Celestial Group Inc (HAIN.O) reported lower-than-expected quarterly results, as sales were weighed down by increased promotional spending activity and changes in foreign currency rates.
The organic food and personal care products company also reaffirmed its full-year profit outlook of $1.19 to $1.28, on sales of $1.0 billion to $1.02 billion.
For the first quarter ended Sept. 30, net income rose to $8.1 million, or 20 cents a share, from $7.0 million or 17 cents a share, a year ago.
Sales fell 20 percent to $230.5 million.
Analysts on average had expected a profit of 23 cents a share, on revenue of $249.4 million, according to Thomson Reuters I/B/E/S.
The company's results have missed Wall Street expectations for the past four quarters hurt by unfavorable foreign exchange rates.
Shares of the Melville, New York-based company closed at $18.84 Thursday on Nasdaq. (Reporting by Viraj Nair in Bangalore; Editing by Pradeep Kurup)
