Zoetis (ZTS) Tops Q1 EPS by 4c; Eases FY15 Revenue Outlook

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Go back to Zoetis (ZTS) Tops Q1 EPS by 4c; Eases FY15 Revenue Outlook

Zoetis Reports First Quarter 2015 Results and Announces Comprehensive Operational Efficiency Initiative

May 5, 2015 7:01 AM EDT

First Quarter 2015 Revenue of $1.1 Billion Was Flat Compared to First Quarter 2014; an Increase of 6% Excluding Foreign Exchange First Quarter 2015 Reported Net Income of $165 Million, or $0.33 per Diluted Share, Increased 6% First Quarter 2015 Adjusted Net Income1 of $207 Million, or Adjusted Diluted EPS1 of $0.41, Increased 8%; an Increase of 14% Excluding Foreign Exchange Announces Comprehensive Initiative to Simplify Operations, Improve Cost Structure, and Better Allocate Resources to Generate Cost Savings of Approximately $300 Million by 2017 Updates Full Year 2015 Revenue... More