PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Thursday reported first-quarter earnings of $599 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.31. Earnings, adjusted for non-recurring costs, came to $1.38 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The animal health company posted revenue of $2.19 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $2.14 billion.
Zoetis expects full-year earnings in the range of $5.71 to $5.81 per share, with revenue in the range of $9.05 billion to $9.2 billion.
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