Mead Johnson (MJN) Misses Q4 EPS by 3c, Sales Miss; Guides In-Line

Mead Johnson (NYSE: MJN) reported Q4 EPS of $0.78, $0.03 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $901.6 million versus the consensus estimate of $921.36 million.

GUIDANCE:

Mead Johnson sees FY2017 EPS of $3.35-$3.50, versus the consensus of $3.45.

"In the fourth quarter we continued to make progress with a series of important strategic transitions in key markets. Our imported products again grew strongly in China - and we doubled our sales volume via e-commerce out of Hong Kong over the prior quarter. Though it will take some time for us to complete the transition phase we are currently in, we are encouraged by early signs our plans are working," said Kasper Jakobsen, Chief Executive Officer.

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

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