Zoetis Q3 Adj EPS $1.36, Inline, Sales $2.15B Miss $2.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Zoetis (NYSE:ZTS) reported Q3 adjusted earnings of $1.36 per share, in line with analyst consensus. This is a 12.4% increase YoY. However, the company's quarterly sales of $2.15 billion missed the analyst consensus estimate of $2.18 billion by 1.38%, despite a 7.44% increase YoY.
November 02, 2023 | 11:05 am
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Zoetis' Q3 earnings met expectations, but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Zoetis' earnings were in line with expectations, which is positive. However, the company's sales missed estimates, which could be seen as a negative by investors. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100