Mead Johnson Nutrition Co. Announces 65% Increase In Q1 Bottom Line

(RTTNews) - Mead Johnson Nutrition Co. (MJN) reported a profit for its first quarter that climbed from last year.

The company said its bottom line climbed to $119.9 million, or $0.65 per share. This was up from $72.7 million, or $0.39 per share, in last year's first quarter.

The company said revenue for the quarter fell 8.2% to $883.5 million. This was down from $962.1 million last year.

Mead Johnson Nutrition Co. earnings at a glance:

-Earnings (Q1): $119.9 Mln. vs. $72.7 Mln. last year. -Earnings Growth (Y-o-Y): 64.9% -EPS (Q1): $0.65 vs. $0.39 last year. -EPS Growth (Y-o-Y): 66.7% -Revenue (Q1): $883.5 Mln vs. $962.1 Mln last year. -Revenue Change (Y-o-Y): -8.2%