(RTTNews) - Zoetis Inc. (ZTS) released a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $581 million, or $1.29 per share. This compares with $525 million, or $1.14 per share, last year.
Excluding items, Zoetis Inc. reported adjusted earnings of $632 million or $1.40 per share for the period.
Analysts on average had expected the company to earn $1.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.7% to $2.317 billion from $2.213 billion last year.
Zoetis Inc. earnings at a glance (GAAP) :
-Earnings: $581 Mln. vs. $525 Mln. last year. -EPS: $1.29 vs. $1.14 last year. -Revenue: $2.317 Bln vs. $2.213 Bln last year.
Looking ahead, Zoetis expects an increase in its annual earnings.
For the full-year 2025, the company expects net income of $2.570 billion, or $5.70 per share, to $2.620 billion, or $5.80 per share. Excluding items, annual earnings are projected to be in the range of $2.700 billion, or $6 per share, to $2.750 billion, or $6.10 per share, compared with analysts’ forecast of $6.3 per share.
Annual revenue is anticipated to be in the range of $9.225 billion to $9.375 billion, below analysts’ estimate of $9.57 billion.
For the full-year 2024, Zoetis has registered a net profit of $2.486 billion, or $5.47 per share, with adjusted earnings of $2.693 billion, or $5.92 per share, on revenue of $9.256 billion.
ZTS was down by 7.40 percent at $161.02 in the pre-market trade on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
