Zoetis Increases Earnings Guidance for 2019, Narrows Revenue Expectation
November 07 2019 - 7:55AM
Dow Jones News
By Allison Prang
Zoetis Inc. (ZTS) raised its 2019 guidance for earnings and
narrowed its guidance for revenue.
The company said it expects adjusted earnings to be between
$3.57 a share and $3.62 a share. It was expecting between $3.53 a
share and $3.60 a share. Analysts polled by FactSet are expecting
$3.57 a share.
Zoetis expects GAAP earnings to be between $2.99 a share and
$3.08 a share. It was expecting between $2.93 a share and $3.04 a
share.
The company expects revenue to be between $6.2 billion and $6.25
billion. It was expecting between $6.175 billion and $6.275
billion. Analysts are expecting $6.24 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
November 07, 2019 07:40 ET (12:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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