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Why Zoetis Stock Was Falling Today

TheMotleyFool

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Why Zoetis Stock Was Falling TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Zoetis (NYSE: ZTS) were falling today after the animal pharmaceutical company posted disappointing results in its third-quarter earnings report, missing the mark on both top and bottom lines, and lowered its guidance for the year.

The stock closed this Thursday afternoon down 11%.

Revenue in Q3 grew just 1%, or 5% in constant currency, to $2 billion, which was below estimates at $2.09 billion.

Source Fool.com

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