Zoetis Q2 Results Beat Estimates; Raises And Narrows FY20 Outlook

(RTTNews) - Animal health company Zoetis Inc. (ZTS) on Thursday reported net income for the second quarter of $377 million or $0.79 per share, up from $371 million or $0.77 per share in the year-ago period.

Adjusted earnings were $0.89 per share, compared to $0.90 per share in the prior-year quarter.

Revenue for the quarter was $1.548 billion, almost unchanged from $1.547 billion last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.64 per share on revenues of $1.36 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, Zoetis raised and narrows its fiscal 2020 outlook. The company now projects revenue in a range of $6.300 billion to $6.475 billion, earnings per share of $3.14 to $3.32 on a reported basis, and $3.52 to $3.68 on an adjusted basis.

Previously, the company projected full-year revenues between $5.95 billion and $6.25 billion, earnings in a range of $2.80 to $3.07 per share and adjusted earnings in a range of $3.17 to $3.42 per share.

The Street expects the company to earn $3.35 per share for the year on revenues of $6.19 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More