13.02.2024 13:20:07 - dpa-AFX: Zoetis Inc. Q4 Profit Increases, but misses estimates
WASHINGTON (dpa-AFX) - Zoetis Inc. (ZTS) announced a profit for its fourth
quarter that increased from last year but missed the Street estimates.
The company's earnings totaled $525 million, or $1.14 per share. This compares
with $461 million, or $0.99 per share, in last year's fourth quarter.
Excluding items, Zoetis Inc. reported adjusted earnings of $569 million or $1.24
per share for the period.
Analysts on average had expected the company to earn $1.32 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 8.3% to $2.21 billion from $2.04
billion last year.
Zoetis Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $525 Mln. vs. $461 Mln. last year.
-EPS (Q4): $1.14 vs. $0.99 last year.
-Analyst Estimate: $1.32
-Revenue (Q4): $2.21 Bln vs. $2.04 Bln last year.
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