Zoetis Q2 Adjusted EPS $1.41 Beats $1.32 Estimate, Sales $2.18M Miss $2.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Zoetis (NYSE:ZTS) reported Q2 earnings of $1.41 per share, beating the analyst consensus estimate of $1.32 by 6.82%. This is a 17.5% increase from the same period last year. However, the company's quarterly sales of $2.18 million missed the analyst consensus estimate of $2.17 billion by 99.90%, a 99.89% decrease from last year.
August 08, 2023 | 11:03 am
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Zoetis' Q2 earnings beat estimates but sales significantly missed expectations, which could negatively impact the stock price.
While Zoetis' earnings beat estimates, the significant miss in sales could lead to a negative reaction in the stock market. Investors often focus on both earnings and sales, and a miss in one can overshadow a beat in the other.
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RELEVANCE 100