Mead Johnson Nutrition Co. Q3 Income Falls 14%

(RTTNews) - Mead Johnson Nutrition Co. (MJN) released earnings for third quarter that fell from last year.

The company said its profit came in at $161.8 million, or $0.80 per share. This was down from $187.9 million, or $0.93 per share, in last year's third quarter.

Analysts had expected the company to earn $0.84 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.1% to $0.98 billion. This was down from $1.09 billion last year.

Mead Johnson Nutrition Co. earnings at a glance:

-Earnings (Q3): $161.8 Mln. vs. $187.9 Mln. last year. -Earnings Decline (Y-o-Y): -13.9% -EPS (Q3): $0.80 vs. $0.93 last year. -EPS Decline (Y-o-Y): -14.0% -Analysts Estimate: $0.84 -Revenue (Q3): $0.98 Bln vs. $1.09 Bln last year. -Revenue Change (Y-o-Y): -10.1%

-Guidance: Full year EPS guidance: $3.33 - $3.43