Investing.com - Zoetis Inc (NYSE:ZTS) reported third quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.21 on revenue of $2B. Analysts polled by Investing.com forecast EPS of $1.25 on revenue of $2.09B. .
Zoetis Inc shares lost 10.50% to trade at $131.89 in pre-market trade following the report.
Zoetis Inc shares lost 10.50% to trade at $131.89 in pre-market trade following the report.
For the year, Zoetis Inc shares are down 39.61%, under-performing the S&P 500 which is down 21.12% year to date.
Zoetis Inc follows other major Healthcare sector earnings this month
On Friday, October 14, 2022, UnitedHealth reported third quarter EPS of $5.79 on revenue of $80.9B, compared to forecasts of EPS of $5.43 on revenue of $80.52B.
J&J earnings beat analyst's expectations on Tuesday, October 18, 2022, with third quarter EPS of $2.55 on revenue of $23.79B. Investing.com analysts expected EPS of $2.52 on revenue of $23.46B
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