Zoetis beats by $0.05, beats on revs; raises low end of FY15 guidance; reaffirms long term guidance
- Reports Q2 (Jun) earnings of $0.43 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.38; revenues rose 1.5% year/year to $1.18 bln vs the $1.12 bln consensus.
- Co issues guidance for FY15, raises EPS to $1.63-1.68, excluding non-recurring items, from $1.61-1.68 vs. $1.66 Capital IQ Consensus; raises FY15 revs to $4.70-4.775 bln from $4.675-1.775 bln vs. $4.74 bln Capital IQ Consensus Estimate.
- The company also reaffirmed its long-term outlook for 2016 and 2017