Mead Johnson second-quarter profit falls

Reuters

Mead Johnson Nutrition Co reported lower second-quarter earnings on Thursday, hurt by a decline in sales in North America and Europe.

The maker of the Enfamil brand of baby formula said net income was $162.2 million, or 80 cents per share, down from $165.8 million, or 81 cents per share, a year earlier.

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Net sales rose to $1.06 billion from $1.01 billion.

(Reporting by Martinne Geller in New York; Editing by Lisa Von Ahn)