Key TakeawaysZoetis raised its full-year revenue guidance by 50millionatthemidpoint.Thecompanytoppedsecond−quarterexpectationsonrevenuebutfelljustshortonearningspershare(EPS).Sharessurged650 million at the midpoint.The company topped second-quarter expectations on revenue but fell just short on earnings per share (EPS).Shares surged 6% in intraday trading Tuesday. Zoetis (ZTS) stock surged in intraday trading Tuesday after the company beat second-quarter revenue expectations and raised its full-year guidance. The veterinary drugmaker now expects full-year revenue of 50millionatthemidpoint.Thecompanytoppedsecond−quarterexpectationsonrevenuebutfelljustshortonearningspershare(EPS).Sharessurged69.1 billion to 9.25billion,upfromitspriorforecastof9.25 billion, up from its prior forecast of 9.25billion,upfromitspriorforecastof9.0 ...
Zoetis(ZTS) Investopedia·2024-08-07 01:45