PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Thursday reported fourth-quarter profit of $603 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.37. Earnings, adjusted for non-recurring costs, came to $1.48 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The animal health company posted revenue of $2.39 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $2.37 billion.
For the year, the company reported profit of $2.67 billion, or $6.02 per share. Revenue was reported as $9.47 billion.
Zoetis expects full-year earnings in the range of $7 to $7.10 per share, with revenue in the range of $9.82 billion to $10.03 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZTS at https://www.zacks.com/ap/ZTS
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