2024.02.1312:19:00UTC+00Zoetis Inc. Q4 Profit Increases, but misses estimates

Zoetis Inc. (ZTS) reported an increase in its fourth-quarter profit from the previous year, though it fell short of Wall Street predictions.

The company recorded earnings of $525 million, equivalent to $1.14 per share. This is an improvement from $461 million or $0.99 per share in last year's fourth quarter.

When excluding specific items, Zoetis Inc. logged an adjusted earnings of $569 million, or $1.24 per share for the duration of the period.

Industry analysts projected the company would earn $1.32 per share based on an average estimation; these estimations usually exclude special items.

Zoetis Inc. disclosed an 8.3% rise in quarterly revenue, leaping from $2.04 billion last year to $2.21 billion.

Here is a quick look at the earnings of Zoetis Inc. based on generally accepted accounting principles (GAAP):

- Earnings for Q4: $525 million, compared to $461 million the previous year.

- Earnings per share for Q4: $1.14, compared to $0.99 the previous year.

- Analyst Estimate: $1.32

- Revenue for Q4: $2.21 billion, compared to $2.04 billion the previous year.