Mead Johnson Nutrition Co. Earnings Drop 27% In Q1

(RTTNews) - Mead Johnson Nutrition Co. (MJN) announced a profit for first quarter that declined compared to the same period last year.

The company said its bottom line came in at $163.3 million, or $0.87 per share. This was down from $222.2 million, or $1.09 per share, in last year's first quarter.

Analysts had expected the company to earn $0.85 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.9% to $0.96 billion. This was down from $1.09 billion last year.

Mead Johnson Nutrition Co. earnings at a glance:

-Earnings (Q1): $163.3 Mln. vs. $222.2 Mln. last year. -Earnings Decline (Y-o-Y): -26.5% -EPS (Q1): $0.87 vs. $1.09 last year. -EPS Decline (Y-o-Y): -20.2% -Analysts Estimate: $0.85 -Revenue (Q1): $0.96 Bln vs. $1.09 Bln last year. -Revenue Change (Y-o-Y): -11.9%

-Guidance: Full year EPS guidance: $3.48 - $3.60