Zoetis Shares Plunge 12.8% As FY26 Outlook Slashed; Q1 EPS Rises
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Zoetis, Inc. (ZTS) shares fell 12.8% after the company revised its fiscal 2026 outlook, projecting earnings between $6.35 and $6.50 per share, down from previous estimates. Despite a slight increase in Q1 net income to $601 million ($1.42 per share), adjusted earnings rose to $1.53 per share. Revenue for the quarter increased 3% to $2.26 billion, but organic revenue growth was flat. The stock is currently trading at $96.99, reflecting a significant drop in pre-market trading.
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