Mead Johnson Nutrition Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Mead Johnson Nutrition Company (MJN) reported that its fourth-quarter net earnings to shareholders increased to $153.2 million or $0.75 per share, from $134.2 million or $0.66 per share, last year. Non-GAAP net earnings were $0.78 per share for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.06 billion, compared to $981.1 million, prior year. Analysts expected revenue of $1.06 billion for the quarter.

The company expects its full-year 2014 non-GAAP earnings per share to be in the range of $3.50 to $3.62. Full-year GAAP earnings per share is expected to be in the range of $3.44 to $3.56. Analysts expect the company to report full year 2014 earnings per share of $3.67.