Zoetis Sees Higher Revenue This Year
February 16 2021 - 7:52AM
Dow Jones News
By Micah Maidenberg
Zoetis Inc. said it believes the company will generate $7.4
billion to $7.55 billion in revenue this year, which would
represent an increase from the $6.68 billion it recorded in
2020.
The animal-health company also sees a profit of $4.02 to $4.14 a
share in 2021, or $4.36 to $4.46 a share on an adjusted basis.
"We expect to continue growing revenue faster than the market in
2021 driven by continued strength in petcare; ongoing expansion in
markets outside the U.S., most notably China; and acceleration of
our diagnostics portfolio penetration," Chief Executive Kristin
Peck said in a statement.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
February 16, 2021 07:37 ET (12:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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