Mead Johnson Nutrition Co. Earnings Drop 21% In Q4

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

The company said its earnings came in at $147.8 million, or $0.78 per share. This was down from $186.2 million, or $0.92 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.0% to $0.97 billion. This was down from $1.09 billion last year.

Mead Johnson Nutrition Co. earnings at a glance:

-Earnings (Q4): $147.8 Mln. vs. $186.2 Mln. last year. -Earnings Decline (Y-o-Y): -20.6% -EPS (Q4): $0.78 vs. $0.92 last year. -EPS Decline (Y-o-Y): -15.2% -Analysts Estimate: $0.73 -Revenue (Q4): $0.97 Bln vs. $1.09 Bln last year. -Revenue Change (Y-o-Y): -11.0%