08:13 AM EDT, 05/02/2024 (MT Newswires) -- Zoetis ( ZTS ) reported Q1 adjusted earnings Thursday of $1.38 per diluted share, up from $1.31 a year earlier.

Analysts polled by Capital IQ expected $1.34.

Revenue for the quarter ended March 31 was $2.19 billion, compared with $2 billion a year earlier. Analysts surveyed by Capital IQ expected $2.15 billion.

The company said it now expects 2024 adjusted earnings of $5.71 to $5.81 per diluted share on revenue of $9.05 billion to $9.20 billion, compared with adjusted earnings of $5.74 to $5.84 per share on revenue of $9.08 billion to $9.23 billion anticipated previously. Analysts polled by Capital IQ expect normalized earnings of $5.78 per share on revenue of $9.16 billion.

The company's shares were up more than 4% in recent Thursday premarket activity.

Price: 165.56, Change: +7.06, Percent Change: +4.45