13.02.2024 13:50:47 - dpa-AFX: Zoetis Q4 Profit, Full-year Outlook Below Estimates

WASHINGTON (dpa-AFX) - Zoetis Inc. (ZTS) Tuesday reported higher profit in
the fourth quarter on increased revenue. However, earnings missed analysts'
view. The company's full-year earnings outlook also came in below the consensus
estimates.

The animal health company posted a profit of $525 million or $1.14 per share for
the fourth quarter, higher than $461 million or $0.99 per share in the same
quarter a year ago.

Excluding one-time items, earnings were $569 million, or $1.24 per share, that
missed the average estimate of analysts polled by Thomson-Reuters of $1.32 per
share. Analysts' estimates typically exclude special items.

Revenue for the quarter increased 8 percent to $2.213 billion. The consensus
estimate was for $2.19 billion.

Looking ahead, Zoetis expects full-year adjusted earnings in the range of $5.74
to $5.84. Revenue for the year is expected between $9.075 billion and $9.225
billion. Analysts expect the company to report profit of $5.98 per share on
revenue of $9.2 billion for the year.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ZOETIS INC. CL.A DL -,01 A1KBYX Xetra 160,500 17.05.24 12:46:19 +0,260 +0,16% 159,620 160,020 160,260 160,240

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