By Seth Jayson | More Articles April 26, 2012 | <\/p>\n
Mead Johnson Nutrition (NYSE: MJN) reported earnings on April 26. Here are the numbers you need to know. <\/p>\n
The 10-second takeawayFor the quarter ended March 31 (Q1), Mead Johnson Nutrition met expectations on revenues and beat expectations on earnings per share. <\/p>\n
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew. <\/p>\n
Gross margins dropped, operating margins dropped, and net margins improved. <\/p>\n
Revenue detailsMead Johnson Nutrition reported revenue of $986.6 million. The 10 analysts polled by S&P Capital IQ expected to see a top line of $978.2 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $899.8 million. <\/p>\n
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates. <\/p>\n
EPS detailsNon-GAAP EPS came in at $0.82. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.78 per share on the same basis. GAAP EPS of $0.80 for Q1 were 13% higher than the prior-year quarter's $0.71 per share. <\/p>\n
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates. <\/p>\n
Margin detailsFor the quarter, gross margin was 62.1%, 230 basis points worse than the prior-year quarter. Operating margin was 25.2%, 270 basis points worse than the prior-year quarter. Net margin was 16.6%, 40 basis points better than the prior-year quarter. <\/p>\n<\/p>\n
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\nMead Johnson Nutrition Beats Analyst Estimates on EPS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"