Zoetis Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Zoetis Inc. (ZTS) revealed earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $682 million, or $1.50 per share. This compares with $596 million, or $1.29 per share, in last year's third quarter.

Excluding items, Zoetis Inc. reported adjusted earnings of $716 million or $1.58 per share for the period.

Analysts on average had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.0% to $2.388 billion from $2.151 billion last year.

Zoetis Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $682 Mln. vs. $596 Mln. last year. -EPS (Q3): $1.50 vs. $1.29 last year. -Revenue (Q3): $2.388 Bln vs. $2.151 Bln last year.