Zoetis Stock Is In The Doghouse Despite Its Quarterly Beat; Here's Why

Core Viewpoint - Zoetis (ZTS) reported fourth-quarter results that exceeded expectations, but the stock price declined due to concerns over its companion animals business, which faced increased competition [1] Group 1: Financial Performance - Sales and earnings per share (EPS) were 1% and 5% above market expectations, respectively, driven primarily by the strength in the livestock segment [1] - The livestock division's performance was a key factor in the better-than-expected sales, while the companion animals business underperformed [1] Group 2: Market Reaction - Despite the positive quarterly results, Zoetis stock tumbled, indicating investor focus on the challenges within the companion animals segment [1] - The market reaction suggests that investors are concerned about the competitive landscape affecting Zoetis' performance in the companion animals sector [1]