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Zoetis: Q2 Earnings Snapshot
By AP News - Aug 08, 2023, 07:21 AM ET
Last Updated - Aug 08, 2023, 07:21 AM EDT
PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Tuesday reported second-quarter net income of $671 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.45. Earnings, adjusted for one-time gains and costs, came to $1.41 per share.
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The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The animal health company posted revenue of $2.18 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.17 billion.
Zoetis expects full-year earnings in the range of $5.37 to $5.47 per share, with revenue in the range of $8.5 billion to $8.65 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ZTS">Zacks stock report on ZTS at https://www.zacks.com/ap/ZTS
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