Zoetis Inc. Q4 Profit Increases, beats estimates

(RTTNews) - Zoetis Inc. (ZTS) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $461 million, or $0.99 per share. This compares with $414 million, or $0.87 per share, in last year's fourth quarter.

Excluding items, Zoetis Inc. reported adjusted earnings of $539 million or $1.15 per share for the period.

Analysts on average had expected the company to earn $1.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $2.04 billion from $1.97 billion last year.

Zoetis Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $461 Mln. vs. $414 Mln. last year. -EPS (Q4): $0.99 vs. $0.87 last year. -Analyst Estimate: $1.05 -Revenue (Q4): $2.04 Bln vs. $1.97 Bln last year.