Animal Health-Focused Zoetis Stock Faces Near-Term Pressure, Analyst Cites Uncertainty In Q4 Results, Weak Margins

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On Tuesday, Zoetis Inc (NYSE:ZTS) reported fourth-quarter 2023 revenue of $2.21 billion, up 8% Y/Y, on both a reported and operational basis, almost in-line with the consensus of $2.19 billion.

Net income for the fourth quarter of 2023 was $525 million, or $1.14 per diluted share, an increase of 14% and 15%, respectively, on a reported basis.

Adjusted net income for the fourth quarter of 2023 was $569 million, or $1.24 per diluted share, an increase of 6% and 8%, respectively, on a reported and operational basis, missing the consensus of $1.32.

Revenue in the U.S. segment was $1.2 billion, up 9%. Sales of companion animal products …

Full story available on Benzinga.com


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