WASHINGTON (dpa-AFX) - Zoetis Inc. (ZTS) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $631 million, or $1.41 per share. This compares with $599 million, or $1.31 per share, last year.
Excluding items, Zoetis Inc. reported adjusted earnings of $662 million or $1.48 per share for the period.
Analysts on average had expected the company to earn $1.4 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.4% to $2.220 billion from $2.190 billion last year.
Zoetis Inc. earnings at a glance (GAAP) :
-Earnings: $631 Mln. vs. $599 Mln. last year. -EPS: $1.41 vs. $1.31 last year. -Revenue: $2.220 Bln vs. $2.190 Bln last year.
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