Mead Johnson (MJN) Misses Q1 EPS by 3c

Mead Johnson (NYSE: MJN) reported Q1 EPS of $1.02, $0.03 worse than the analyst estimate of $1.05. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.13 billion.

The company currently expects the impact of adverse foreign currency translation to be approximately five percent, leading to reported sales growth of approximately two percent. Specified Items are currently expected to be $0.11 per diluted share excluding any mark-to-market pension adjustments. As a result, full year GAAP EPS is expected to be in the range of $3.79 to $3.89.

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

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