PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Tuesday reported first-quarter net income of $631 million.
The Parsippany, New Jersey-based company said it had net income of $1.41 per share. Earnings, adjusted for non-recurring costs, came to $1.48 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The animal health company posted revenue of $2.22 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $2.19 billion.
Zoetis expects full-year earnings in the range of $6.20 to $6.30 per share.
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