Zoetis on Pace for Record High After 2Q Earnings Beat -- Data Talk
August 06 2019 - 11:18AM
Dow Jones News
Zoetis Inc. Class A (ZTS) is currently at $121.20, up $8.63 or
7.67%
-- Would be new all-time high (Based on available data back to
Feb. 1, 2013)
-- On pace for largest percent increase since June 25, 2015,
when it rose 11.41%
-- Earlier Tuesday, Zoetis reported second-quarter adjusted
earnings of 90 cents a share, 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 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
-- Currently up three of the past four days
-- Up 41.69% year-to-date
-- Up 31.04% from 52 weeks ago (Aug. 7, 2018), when it closed at
$92.49
-- Traded as high as $121.81; new all-time intraday high (Based
on available data back to Feb. 1, 2013)
-- Up 8.21% at today's intraday high; largest intraday percent
increase since Feb. 15, 2018, when it rose as much as 9.32%
-- Second best performer in the S&P 500 today
All data as of 10:40:56 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 06, 2019 11:03 ET (15:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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