-+ 0.00%
-+ 0.00%
-+ 0.00%
Zoetis: Q3 Earnings Snapshot
Share
Listen to the news

PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Thursday reported third-quarter profit of $591 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.44. Earnings, adjusted for non-recurring costs, came to $1.75 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The animal health company posted revenue of $2.39 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $2.3 billion.

Zoetis expects full-year earnings in the range of $6.25 to $6.35 per share, with revenue in the range of $9.22 billion to $9.32 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZTS at https://www.zacks.com/ap/ZTS

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending