Zoetis Q1 Profit Rises - Quick Facts

(RTTNews) - Zoetis Inc. (ZTS) reported that its first-quarter net income to company increased to $155 million or $0.31 per share, from $140 million or $0.28 per share, last year. Adjusted earnings per share was $0.38, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.37 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.10 billion from $1.09 billion. Analysts expected revenue of $1.13 billion for the quarter.

Zoetis reaffirmed its financial guidance for full year 2014. The company continues to expect: revenue of between $4.65 billion to $4.75 billion; earnings per share between $1.15 to $1.21; and adjusted earnings per share between $1.48 to $1.54. Analysts expect the company to report full year 2014 profit per share of $1.53 on revenue of $4.74 billion.