02.05.2024 13:26:22 - dpa-AFX: Zoetis Inc. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Zoetis Inc. (ZTS) announced earnings for its first
quarter that increased from the same period last year and beat the Street
estimates.

The company's bottom line totaled $599 million, or $1.31 per share. This
compares with $552 million, or $1.19 per share, in last year's first quarter.

Excluding items, Zoetis Inc. reported adjusted earnings of $634 million or $1.38
per share for the period.

Analysts on average had expected the company to earn $1.34 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 10.0% to $2.2 billion from $2.0
billion last year.

Zoetis Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $599 Mln. vs. $552 Mln. last year.
-EPS (Q1): $1.31 vs. $1.19 last year.
-Revenue (Q1): $2.2 Bln vs. $2.0 Bln last year.

-Guidance:
Full year EPS guidance: $5.71 - $5.81
Full year revenue guidance: $9.05bln - $9.20bln


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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 Frankfurt 159,620 17.05.24 21:55:01 -0,180 -0,11% 0,000 0,000 159,380 159,800

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