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Mead Johnson Nutrition (MJN) Surged To A 4-Month High On Q4 Results

Mead Johnson Nutrition (MJN) reported fourth quarter adjusted EPS of $0.72 Thursday morning, which topped the consensus estimate of $0.68. The company expects to report full year 2013 adjusted EPS of $3.22 to $3.30, compared to the consensus estimate of $3.33.

Mead Johnson Nutrition gapped open sharply higher Thursday and climbed in early trade, before settling into a narrow range. Shares finished up by 7.85 at $76.00 on above average volume. The stock surged to a 4-month high and re-crossed its 200-day moving average.

by RTTNews Staff Writer

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