PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — Zoetis Inc. (ZTS) on Tuesday reported fourth-quarter earnings of $525 million.
The Parsippany, New Jersey-based company said it had net income of $1.14 per share. Earnings, adjusted for non-recurring costs, came to $1.24 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The animal health company posted revenue of $2.21 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.19 billion.
For the year, the company reported profit of $2.34 billion, or $5.07 per share. Revenue was reported as $8.54 billion.
Zoetis expects full-year earnings in the range of $5.74 to $5.84 per share, with revenue in the range of $9.07 billion to $9.23 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZTS at https://www.zacks.com/ap/ZTS