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Zoetis Earnings, Sales Top For Animal Health Giant

Zoetis stock was quiet early Thursday after the animal-health company reported adjusted earnings of $1.26 per share on $1.87 billion in sales for its first quarter.




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On average, analysts polled by FactSet expected Zoetis (ZTS) to earn $1.04 per share on $1.72 billion in sales.

In the year-earlier period, Zoetis earnings were 95 cents per share and the company reported $1.53 billion in sales.

For the year, the biotech company guided to earnings of $4.42-$4.51 a share on revenue of $7.5 billion to $7.625 billion. Analysts called for adjusted income of $4.42 per share and $7.44 billion in sales.

In premarket trading on the stock market today, Zoetis stock inched up to 173.92. ZTS stock closed Wednesday at 173.86, just below a 176.74 consolidation buy point.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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