Zoetis stock jump 5% after earnings beat and upbeat guidance

Zoetis Inc. stock ZTS soared 5% Tuesday, after the animal health company topped revenue estimates for the fourth quarter and offered upbeat guidance for 2023. Parsippany, N.J.-based Zoetis posted net income of $461 million, or 99 cents a share, for the quarter, up from $414 million, or 87 cents a share, in the year-earlier quarter. Adjusted per-share earnings came to $1.15m matching the FactSet consensus. Revenue rose 5% to $2.040 billion from $1.967 billion a year ago, ahead of the $2.

-based Zoetis posted net income of $461 million, or 99 cents a share, for the quarter, up from $414 million, or 87 cents a share, in the year-earlier quarter. Adjusted per-share earnings came to $1.15m matching the FactSet consensus. Revenue rose 5% to $2.040 billion from $1.967 billion a year ago, ahead of the $2.003 billion FactSet consensus. Chief Executive Kristin Peck said revenue was boosted by demand for its parasiticides, dermatology and pain franchises. Revenue at the company’s U.S.

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