ZTS Zoetis Inc

By Colin Kellaher

Shares of Zoetis Inc. (ZTS) rose more than 6% Wednesday after the animal-health company posted second-quarter earnings that topped expectations and raised its full-year guidance.

Zoetis reported adjusted earnings of 90 cents a share for the quarter, ahead of the per-share adjusted profit of 82 cents analysts polled by FactSet were expecting.

Revenue rose 9% to $1.55 billion, topping Wall Street's forecast of $1.52 billion.

The Parsippany, N.J., company said it now expects 2019 adjusted earnings of $3.53 to $3.60 a share on revenue of $6.175 billion to $6.275 billion, up from a previous forecast of an adjusted profit of $3.42 to $3.52 a share on revenue of $6.1 billion to $6.225 billion.

Analysts polled by FactSet, on average, were expecting full-year adjusted earnings of $3.49 a share and revenue of $6.19 billion.

Shares of Zoetis recently were up 6.7% to $120.11.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 06, 2019 10:51 ET (14:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.