Zoetis drops after cutting annual revenue forecast

Zoetis

04/11/2025 15:26

Updates

** Shares of animal healthcare co Zoetis ZTS.N fall 12.5% to $126.10, their lowest in over 5 years

** ZTS forecasts 2025 revenue between $9.40 billion to $9.48 billion, down from its prior forecast of $9.45 billion to $9.60 billion

** Co reports Q3 adj.profit of $1.70/shr vs analysts' average estimate of $1.62/shr - LSEG data

** Co's quarterly revenue of $2.40 billion misses analysts' average expectation of $2.41 billion

** "The magnitude of the miss and guide-down was greater than anticipated," says Leerink Partners analyst Daniel Clark

** Including session's move, stock down ~23% YTD

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))