BUZZ-Zoetis slumps after trimming full-year forecast, Q1 miss

Zoetis, Inc. Class A

Zoetis, Inc. Class A

ZTS

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Updates

** Shares of Zoetis ZTS.N fall 20.1% to $88.83 in morning trading

** The animal healthcare company cuts annual EPS forecast to $6.85-$7.00 from $7.00-$7.10

** Reports Q1 adjusted EPS of $1.53, below analysts' average estimate of $1.61 – per LSEG data

** Posts Q1 revenue of $2.26 billion vs analysts' estimate of $2.31 billion

** Leerink Partners analyst Daniel Clark says U.S. companion-animal sales missed expectations due to competition, price sensitivity

** As of last close, stock down ~12%


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