Zoetis Raises Guidance on Revenue Growth

Core Insights - Zoetis raised its full-year revenue guidance by $50 million at the midpoint, now expecting revenue between $9.1 billion and $9.25 billion [1] - The company exceeded second-quarter revenue expectations but fell short on earnings per share (EPS) [1] - Shares of Zoetis surged 6% in intraday trading following the announcement [1] Financial Performance - For Q2, Zoetis reported EPS of $1.37, a decrease of 6% year-over-year, and revenue of $2.36 billion, which represents an 8% increase [2] - The U.S. market saw a 12% revenue growth, while international operational revenue grew by 10% [2] - The companion animal portfolio achieved a 12% global operational growth, and the livestock portfolio saw a 9% growth [2]