Mead Johnson Nutrition Co. (MJN) Tops Q1 EPS by 11c; Lifts Outlook

Mead Johnson Nutrition Co. (NYSE: MJN) reported Q1 EPS of $1.02, $0.11 better than the analyst estimate of $0.91. Revenue for the quarter came rose 7% to $1.11 billion versus the consensus estimate of $1.1 billion.

Mead Johnson Nutrition Co. sees FY2014 EPS of $3.60-$3.72, versus prior guidance of $3.5-$3.62 and the consensus of $3.62.

“We achieved record sales and earnings in the quarter,” said Chief Executive Officer Kasper Jakobsen. “Sales growth was strong across all segments, including within our two largest markets. With innovations launched last year and increased investment in demand creation, we continued to see market share gains in all three segments. We invested appropriately to support future growth, while delivering 16 percent growth in earnings per share on a non-GAAP basis.”

For earnings history and earnings-related data on Mead Johnson Nutrition Co. (MJN) click here.

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