PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Monday reported third-quarter profit of $682 million.
The Parsippany, New Jersey-based company said it had profit of $1.50 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $1.58 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The animal health company posted revenue of $2.39 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $2.29 billion.
Zoetis expects full-year earnings in the range of $5.86 to $5.92 per share, with revenue in the range of $9.2 billion to $9.3 billion.
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