Zoetis reported a 7% increase in revenue, reaching $2.2 billion for Q3 2023. Net income increased by 13% to $596 million, with earnings per diluted share at $1.29. Adjusted net income was $629 million, or $1.36 per diluted share. The company has updated its full-year revenue guidance to $8.475 - $8.550 billion due to foreign exchange rates and narrowed operational growth guidance.
Revenue reached $2.2 billion, a 7% increase, with net income at $596 million, or $1.29 per diluted share.
Operational revenue growth was 8%, and adjusted net income grew by 13%.
U.S. revenue increased by 8%, while international revenue also grew by 8% operationally.
Companion animal portfolio grew 11% operationally, and the livestock portfolio grew 3% operationally.
Zoetis is updating its full year reported 2023 guidance due to foreign exchange rates.
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