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FULL YEAR: ZOETIS' REVENUES UP 5%, NET INCOME RISES 32%
Source: Zoetis news release

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Zoetis Inc. (NYSE:ZTS) today reported its financial results for the fourth quarter and full year 2013. The company reported revenue of $1.25 billion for the fourth quarter of 2013, an increase of 7% from the fourth quarter of 2012. Revenue reflected an operational2 increase of 9%, with foreign currency having a negative impact of 2 percentage points.

Net income for the fourth quarter of 2013 was $105 million, or $0.21 per diluted share. Adjusted net income1 for the fourth quarter of 2013 was $180 million, or $0.36 per diluted share. Adjusted net income1 for the fourth quarter of 2013 excludes the net impact of $75 million, or $0.15 per diluted share, for purchase accounting adjustments, acquisition-related costs and certain significant items.

For full year 2013, the company reported revenue of $4.56 billion, an increase of 5% from the full year 2012. Revenue reflected an operational2 increase of 7%, with foreign currency having a negative impact of 2 percentage points.

Net income for the full year 2013 was $504 million, or $1.01 per diluted share, an increase of 16% compared to the full year 2012. Adjusted net income1 for the full year 2013 was $709 million, or $1.42 per diluted share, an increase of 32% and 31%, respectively, compared to the adjusted full year 2012. Adjusted net income1 for the full year 2013 excludes the net impact of $205 million, or $0.41 per diluted share, for purchase accounting adjustments, acquisition-related costs and certain significant items.


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