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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:43 EDTMJNMead Johnson says Hong Kong to limit flow of formula products to mainland China
Mead Johnson (MJN) disclosed in a regulatory filing that Hong Kong's government has imposed a regulation designed to limit the flow of formula milk products out of the territory. Effective March 1, to ensure adequate supplies for local infants and young children, the authorities will limit travelers departing Hong Kong to 1.8 kilograms, equivalent to two 32-ounce cans, of formula milk for children up to 36 months of age, according to Mead Johnson. The company said approximately 30% of Mead Johnson sales in the China/Hong Kong market originate in Hong Kong and it is believed that a substantial portion of the products sold in Hong Kong are taken to mainland China by visitors and private resellers. The company said no change is being made to its most recent earnings guidance, at this time. The company added, "It is difficult to quantify the potential net impact, if any, of the restriction on the company’s overall China/Hong Kong business. The Company will carefully monitor retailer orders and consumer purchases across the China/Hong Kong market following the implementation of the new restriction to determine if any reduction in Hong Kong purchases by visitors and resellers may be offset by increased demand in mainland China. The Company will consider actions as necessary to address any changes in market dynamics that may result from the new regulation."
News For MJN From The Last 14 Days
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July 28, 2015
12:59 EDTMJNMead Johnson pays $12M to settle FCPA charges
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11:49 EDTMJNMead Johnson announces settlement with SEC resulting in payment of $12.03M
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July 23, 2015
07:55 EDTMJNMead Johnson management to meet with JPMorgan
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07:39 EDTMJNMead Johnson sees FY15 EPS $3.63-$3.78, consensus $3.69
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07:38 EDTMJNMead Johnson reports Q2 adjusted EPS 76c, consensus 77c
Reports Q2 revenue $1.03B, consensus $1.05B.
July 15, 2015
12:18 EDTMJNOn The Fly: Top stock stories at midday
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11:44 EDTMJNMead Johnson volatility low, shares at one-year low after reducing 2015 guidance
Mead Johnson August call option implied volatility is at 26, November is at 23; compared to its 52-week range of 19 to 48; suggesting decreasing price movement after reducing fiscal 2015 EPS guidance.
11:08 EDTMJNFormula makers slip after Mead Johnson cuts guidance
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10:09 EDTMJNMead Johnson falls, levels to watch
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09:23 EDTMJNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bank of America (BAC), up 2.9%... CSX (CSX), up 2.6%. ALSO HIGHER: Hertz (HTZ), up 3.9% after being upgraded to Buy from Hold at Deutsche Bank. NOTABLE: Receptos (RCPT), up 10.5% following deal to be acquired by Celgene (CELG)... Celgene is up 7.9% after announcing acquisition of Receptos... UP AFTER RECEPTOS/CELGENE DEAL: ZIOPHARM Oncology (ZIOP), up 1.7%... Arena Pharmaceuticals (ARNA), up 6.5%. DOWN AFTER EARNINGS: Delta Air Lines (DAL), down 2.4%. ALSO LOWER: Mead Johnson (MJN), down 4.8% after reducing fiscal 2015 EPS guidance... Columbia Pipeline Partners (CPPL), down 5.6% after 4.64M share Block Trade priced at $24.15... SINA (SINA), down 2.7% after being downgraded to Hold from Buy at Deutsche Bank... MacroGenics (MGNX), down 2.8% after 3.25M share Secondary priced at $37.00.
07:39 EDTMJNMead Johnson price target lowered to $89 from $99 at JPMorgan
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July 14, 2015
19:05 EDTMJNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CSX (CSX), up 3.5%. ALSO HIGHER: Receptos (RCPT), up 10.2% following deal to be acquired by Celgene (CELG)... Celgene is up 5.8% after announcing acquisition of Receptos... Celsion (CLSN), up 8.8% after being initiated with a Buy at BTIG... Aratana Therapeutics (PETX), up 10% after results of pivotal study of AT-003. DOWN AFTER EARNINGS: Peregrine (PPHM), down 3%... Yum! Brands (YUM), down marginally. ALSO LOWER: Allegheny Technologies (ATI), down 9.3% after providing second quarter EPS guidance... Mead Johnson (MJN), down 4.8% after reducing fiscal 2015 EPS guidance.
17:29 EDTMJNMead Johnson cuts FY15 adjusted EPS to $3.63-$3.78 from $3.90-$4.00
Mead Johnson announced that it is revising FY15 financial guidance based on preliminary Q2 sales results. Annual sales growth is expected to be in the range of 0%-2% on a constant-dollar basis, previously estimated at 7%. Including the estimated impact of foreign exchange, reported sales are expected to be 2% to 4% below the prior year, previously estimated to be 2% above the prior year. FY15 non-GAAP EPS is expected to be in the range of $3.63-$3.78, previously estimated at $3.90-$4.00. EPS consensus is $3.93. Specified items are currently expected to be 7c per share, excluding any future mark-to-market pension adjustment. As a result, full-year GAAP EPS guidance is expected to be in the range of $3.56-$3.71, previously estimated at $3.79-$3.89.
17:27 EDTMJNMead Johnson sees Q2 adjusted EPS 76c, consensus 89c
Mead Johnson Nutrition announced that preliminary Q2 constant dollar sales were 3% below the prior year quarter. Including the impact of foreign currency, preliminary reported sales were 7% below the prior year quarter. "Strong sales of the recently launched imported products to China were insufficient to fully offset declines in the China based manufactured products. Hong Kong cross-border sales stabilized, but were below prior year levels... Slowing emerging market growth and dairy costs approaching five-year lows drove competitive promotional price discounting across several markets in Latin America and Asia," said the company. Preliminary year-to-date sales were in-line with the prior year on a constant-dollar basis and 4% lower on a reported basis. Preliminary non-GAAP and GAAP EPS for Q2 are expected to be 76c and 80c, respectively. EPS consensus is 89c.
17:22 EDTMJNMead Johnson cuts FY15 guidance based on preliminary Q2 results

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