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Mead Johnson 1st-Quarter Profit Rises as Sales Jump

Mead Johnson Nutrition Co.'s (MJN) first-quarter earnings rose 5.1% as maker of nutritional products, such as Enfamil baby formula, recorded a jump in sales.The company confirmed its full-year adjusted per-share earnings outlook, but Chief Executive Stephen W. Golsby noted the company is still cautious about China and Hong Kong amid a new regulation that limits exports from Hong Kong into China."As expected, sales in China were down compared to last year, given higher market share in the first quarter of 2012, although we continued to deliver gains on a sequential basis, with first quarter market share higher than in the fourth quarter of 2012," Mr. Golsby said.The company has generally seen improved sales over the past three years, aided by growth in emerging and developing markets. However, high commodity costs have pressured its margins and bottom line.Mead Johnson reported a profit of $172.5 million, or 85 cents a share, up from $164.2 million, or 80 cents, a year earlier. Excludin...

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  1. Mead Johnson 3rd-Quarter Net Falls 3% on Slower China Sales

    Mead Johnson Nutrition Co. (MJN) third-quarter earnings fell 3% as slower sales in China contributed to revenue missing consensus estimates.The company also trimmed ...

  2. Apple, Ebay Included in Stocks Up on High Volume Wednesday

    Today, these stocks are up on above-average volume:Apple (NASDAQ:AAPL) was up on high volume today, after trading at a volume of 20.1 million, or 1.5 times its avera...

  3. Facebook Inc. - Class A, Dow Chemical Among Stocks Down on Above-average Volume Thursday

    Today, these stocks are down on high volume:Facebook Inc. - Class A (NASDAQ:FB) experienced a price drop on above-average volume today, with 47.2 million shares, or ...

  4. Mead Johnson 2nd Quarter Net Up 26% as Sales in Asia, Latin America Jump

    Mead Johnson Nutrition Co.'s (MJN) second-quarter earnings jumped 26%, helped by strong sales growth overseas that eased continued pressure from higher commodity cos...

  5. Mead Johnson Nutrition 2Q Earnings Pregame Scorecard

    For the last five quarters, Mead Johnson Nutrition (NYSE:MJN) has exceeded analyst expectations. The company will try to continue the streak when it reports its late...

  6. Facebook Inc. - Class A, Lowe's Cos Among Stocks Down on High Volume Monday

    A few stocks are down on high volume today:Facebook Inc. - Class A (NASDAQ:FB) traded on a volume of 24.2 million, or 1.9 its average daily volume, but its price was...

  7. RBC Cuts Mead Johnson On China Concerns

    RBC Capital Markets on Monday downgraded Mead Johnson Nutrition Co. to sector perform from outperform and slashed its price target to $80 from $95, citing fears of a...

  8. Mead Johnson Nutrition , Amgen Included in Stocks Up on High Volume Wednesday

    A few stocks are up on high volume today:After trading at a volume of 7.8 million, or 2.5 times its average, Mead Johnson Nutrition (NYSE:MJN) was up on high volume ...

  9. Mead Johnson Rebounds From Chinese Safety Scare

    Shares of Mead Johnson Nutrition Co. jumped 3% on Wednesday on news that a Chinese agency has apologized for a flawed inspection report that indicated its infant for...

  10. Caterpillar, Intel Among Stocks Down on High Volume Tuesday

    These are stocks that are down on high volume today:Caterpillar (NYSE:CAT) was down on high volume, trading with volume of 15 million, or 2.2 its average daily volum...

  11. Consumer/Non-Cyclical Sector Wrap

    The Consumer/Non-Cyclical sector (XLP) held steady during a trading day that saw the S&P 500 grow 2.5%.The ETF, as a proxy for the sector, tracked farther from the o...

  12. Mead Johnson Nutrition , WellPoint Among Stocks Down on Above-average Volume Friday

    There are a few stocks that are down on high volume today:Trading with volume of 7.2 million, or 3.6 its average daily volume, Mead Johnson Nutrition (NYSE:MJN) saw ...

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  5. Mead Johnson 4th-Quarter Net Up 57%; Issues Downbeat Year View

    Mead Johnson Nutrition Co.'s (MJN) fourth-quarter earnings rose 57% as all regions saw improved sales.The maker of nutritional products, such as Enfamil baby formula...

  6. Nestle Gets Chinese Approval For Pfizer Deal

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