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Actionable news in HAIN: The Hain Celestial Group, Inc.,

Hain stock soars as filing reveals long-overdue financials coming this month

Shares of Hain Celestial Group rose as much as 8 percent after hours following the company's disclosure late Thursday its internal accounting probe is almost over.

At the same time, Hain said it expects to file its financial results by the end of this month. It has been more than a year since the company reported financial results.

"At this time, the company believes its internal accounting review is nearing completion," Hain said in a regulatory filing Thursday.

In August 2016, Hain — a maker of organic and natural products — stunned investors with the announcement it had potential accounting concerns. The company also disclosed at that time it had delayed the release of its fiscal 2016 financial results and missed guidance.

In after-hours trading Thursday, Hain shares rose immediately following the filing's disclosure. The stock has since given up some of the gains but remains up nearly 5 percent.

Even with Thursday's rise, Hain's stock has yet to fully recover from the pounding it took after the August...


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