April 25, 2013 / 11:51 AM / 4 years ago

UPDATE 1-Mead Johnson posts higher quarterly profit

April 25 (Reuters) - 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.

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