Zoetis Q2 2020 Earnings Report
Key Takeaways
Zoetis reported flat revenue of $1.5 billion for the second quarter of 2020, with a net income of $377 million, or $0.79 per diluted share. Adjusted net income was $427 million, or $0.89 per diluted share. The company raised and narrowed its full year 2020 revenue guidance to $6.300 - $6.475 billion and diluted EPS of $3.14 - $3.32 on a reported basis, or $3.52 - $3.68 on an adjusted basis.
Flat revenue of $1.5 billion was reported.
Net income increased 2% to $377 million, or $0.79 per diluted share.
Adjusted net income was $427 million, or $0.89 per diluted share.
Operational growth in revenue and adjusted net income was 4%.
Zoetis
Zoetis
Zoetis Revenue by Segment
Zoetis Revenue by Geographic Location
Forward Guidance
Zoetis is raising and narrowing its full year 2020 guidance, which includes revenue between $6.300 billion and $6.475 billion, reported diluted EPS between $3.14 and $3.32, and adjusted diluted EPS between $3.52 and $3.68.
Revenue & Expenses
Visualization of income flow from segment revenue to net income