Key Developments: Mead Johnson Nutrition Co (MJN)
79.50USD
20 May 2013
$-0.97 (-1.21%)
$80.47
$80.47
$80.58
$79.35
1,453,855
1,641,062
$88.72
$61.27
Latest Key Developments (Source: Significant Developments)
Mead Johnson Nutrition Co Appoints President And Chief Executive Officer
Mead Johnson Nutrition Co announced that P. Kasper Jakobsen was officially named as President and Chief Executive Officer by its Board of Directors immediately following the Company's Annual Meeting of Stockholders, held in Chicago. Jakobsen, succeeds Stephen W. Golsby, who had previously announced his retirement. Full Article
Mead Johnson Nutrition Co Reaffirms FY 2013 Guidance
Mead Johnson Nutrition Co announced that for fiscal 2013, it confirms constant dollar sales growth from core operations remains in line with previous guidance expectations of 7% to 8% and non-GAAP EPS to be in the range of $3.22 to $3.30. The Company reported revenue of $3.677 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $4.143 billion and EPS of $3.29 for fiscal 2013. Full Article
Mead Johnson Nutrition Co Increases Dividend
Mead Johnson Nutrition Co announced that its board of directors has declared a regular quarterly dividend of $0.34 per share for the quarter ending March 31, 2013, a 13.3% increase from the prior rate of $0.30 per share. The board expects the annualized dividend to be $1.36 per share. The dividend will be paid on April 1, 2013, to shareholders of record at close of business on March 13, 2013. Full Article
Mead Johnson Nutrition Co Announces Management Change-Form 8-K
Mead Johnson Nutrition Co reported in its Form 8-K that as previously reported by the Company in its Current Report on Form 8-K filed with the Securities and Exchange Commission on June 15, 2012, Stephen W. Golsby, the Company’s President and Chief Executive Officer (CEO), notified the Company’s Board of Directors (Board) on June 13, 2012 of his intent to retire by the Company’s 2013 Annual Meeting of Stockholders. On January 30, 2013, Mr. Golsby confirmed to the Board that his retirement date will be April 30, 2013. As a result, the Board plans to appoint Peter Kasper Jakobsen the Company’s Chief Executive Officer (CEO) to succeed Mr. Golsby on April 30, 2013. The Board plans to nominate Mr. Golsby to stand for reelection to the Board at the Company’s 2013 annual meeting of shareholders. Full Article
Mead Johnson Nutrition Co Issues FY 2013 Guidance Below Analysts' Estimates
Mead Johnson Nutrition Co announced that for fiscal 2013, it expects non-GAAP EPS guidance in the range of $3.22 to $3.30 and annual constant dollar sales growth from ongoing operations to be in the range of 7% to 8%. The Company reported revenue of $3.677 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $4.174 billion and EPS of $3.33 for fiscal 2013. Full Article
Mead Johnson Nutrition Co Declares Dividend
Mead Johnson Nutrition Co announced that its board of directors has declared a regular quarterly common stock dividend of $0.30 per share for the quarter ending December 31, 2012. The dividend will be paid on January 3, 2013, to shareholders of record at close of business on December 17, 2012. Full Article
Mead Johnson Nutrition CO Reaffirms FY 2012 Guidance-Conference Call
Mead Johnson Nutrition CO announced that it expects fiscal 2012 annual guidance of 6% to 7% reflects more historical sales growth rate, it continues to be well-positioned for long-term growth and it expects to deliver record earnings in fiscal 2012. The Company reported revenue of $3.677 billion in fiscal 2011. Full Article
Mead Johnson Nutrition CO Lowers FY 2012 Guidance
Mead Johnson Nutrition CO announced that for fiscal 2012, it anticipates annual constant dollar sales to grow in the range of 6% to 7% compared to the prior year. The Company now estimates non-GAAP earnings will be in the range of $3.02 to $3.07 per diluted share. The Company reported revenue of $3.677 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $3.97 billion and EPS of $3.10 for fiscal 2012. Full Article
Mead Johnson Nutrition CO Declares Dividend
Mead Johnson Nutrition CO announced that its board of directors has declared a regular quarterly common stock dividend of $0.30 per share for the quarter ending September 30, 2012. The dividend will be paid on October 1, 2012, to shareholders of record at close of business on September 17, 2012. Full Article
Mead Johnson Nutrition CO Updates 2012 Guidance
Mead Johnson Nutrition CO announced that for fiscal 2012, it expects annual constant dollar sales are now expected to grow in the range of 8% to 9% compared to the 9% to 11% sales growth anticipated earlier in the year. Non-GAAP earnings per share (EPS) is expected to be in the range of $3.04 to $3.14. Including specified items estimated at $0.09 per share, full-year GAAP EPS guidance is $2.95 to $3.05. The Company reported revenue of $3.677 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $4.04 billion and EPS of $3.13 for fiscal 2012. Full Article
Mead Johnson posts higher quarterly profit
- 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.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
