ZTS Zoetis Inc

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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