ZTS Zoetis Inc

By Allison Prang

Zoetis Inc.'s profit rose as revenue increased and its provision for income taxes fell.

Profit was $384 million in the fourth quarter, up 11% from a year earlier. Earnings were 80 cents a share, up from 71 cents a share.

Adjusted earnings were 92 cents a share, up from 79 cents a share. According to FactSet, analysts were expecting 88 cents a share.

Revenue was $1.67 billion, up 7%. Analysts expected $1.64 billion.

Zoetis' provision for income taxes fell to $53 million, down $20 million from a year ago.

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

(END) Dow Jones Newswires

February 13, 2020 07:32 ET (12:32 GMT)

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