Zoetis Reports Q1 Beat

Zoetis (ZTS) reported Wednesday financial results for Q1, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2018 in line with forecasts.

The animal health company posted adjusted earnings of $0.75 per share, compared with the prior-year period’s $0.53 per share. Analysts polled by Capital IQ were expecting EPS of $0.69.

Revenue was $1.37 billion, up 11% from $1.23 billion in the same quarter last year. The Street view was for revenue of $1.35 billion.

The company expects fiscal 2018 adjusted EPS of $2.96 – $3.10 on revenue of $5.68 billion – $5.8 billion . The Street view is for EPS of $3.04 on revenue of $5.74 billion

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