ZTS Zoetis Inc

By Allison Prang

Zoetis Inc.'s (ZTS) profit rose 25% in the third quarter, while its revenue and adjusted earnings topped analysts' expectations.

Net income was $433 million, or 90 cents a share, up from $347 million, or 71 cents a share, in the comparable quarter a year ago.

Adjusted earnings were 94 cents a share, up from 83 cents a share. Analysts polled by FactSet were expecting 88 cents a share.

Revenue was $1.58 billion, slightly topping the consensus estimate from analysts. A year earlier, revenue was $1.48 billion.

Restructuring charges and certain acquistion-related costs fell to $6 million from $47 million a year ago. Selling, general and administrative costs rose to $391 million from $367 million a year ago.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

November 07, 2019 07:37 ET (12:37 GMT)

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