Zoetis Raises 2021 Guidance
May 06 2021 - 8:19AM
Dow Jones News
By Michael Dabaie
Zoetis Inc. increased its guidance for 2021.
The animal-health company boosted its 2021 revenue forecast to
between $7.5 billion and $7.63 billion. In February the company
guided for 2021 revenue of $7.4 billion to $7.55 billion.
Zoetis forecast full-year earnings per share of $4.08 to $4.19,
versus the earlier guidance of $4.02 to $4.14.
The company's new guidance for adjusted EPS is $4.42 to $4.51,
up from February's forecast of $4.36 to $4.46.
"Looking ahead, we are raising guidance for operational growth
in full-year revenue to the range of 10.5% to 12%. The fundamental
growth drivers for our industry continue to show strong and
sustainable momentum, and we remain confident that our diverse
portfolio across species and geographies, our pipeline of
innovative new products and lifecycle innovations, and the agility
and commitment of our colleagues will continue driving our success
in 2021 and beyond," said Chief Executive Kristin Peck.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 06, 2021 08:04 ET (12:04 GMT)
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