Zoetis Beats Expectations in Q1 but Lowers Full-Year Outlook Due to COVID-19

Zoetis (NYSE:ZTS) beat Wall Street estimates with its 2019 fourth-quarter results announced in February. But the celebration was short-lived. The stock market crash caused by the COVID-19 pandemic pulled Zoetis shares down as much as 36% at one point. However, the stock has now regained most of those losses.