April 25 Mead Johnson Nutrition Co
reported higher quarterly earnings on Thursday that met Wall
Street estimates, helped by strength in Asia and Latin America,
and stood by its full-year forecast.
The maker of Enfamil baby food said net income was $172.5
million, or 85 cents per share, in the first quarter, compared
with $164.2 million, or 80 cents per share, a year earlier.
Analysts on average were expecting 85 cents per share,
according to Thomson Reuters I/B/E/S.
Sales rose 5 percent to $1.04 billion.
The company said it still expects 2013 earnings of $3.22 per
share to $3.30 per share, excluding special items.