Zoetis Lowers Fiscal Year Guidance Due to Foreign Currency Effects
May 02 2019 - 8:11AM
Dow Jones News
By Kimberly Chin
Zoetis Inc. (ZTS) lowered some of its financial targets for the
year, citing the negative impact of foreign currency exchange
rates.
The animal health company expects 2019 revenue between $6.1
billion and $6.225 billion, down from its previous guidance of
$6.175 billion to $6.3 billion.
It expects full-year earnings between $2.79 and $2.93 a share,
lower than its previous guidance of $2.83 to $2.99 share. Zoetis
made no changes to its adjusted earnings guidance of $3.42 to $3.52
a share.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 02, 2019 07:56 ET (11:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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