Zoetis (ZTS) reported Q2 adjusted earnings Thursday of $1.87 per share, up from $1.78 a year earlier.

Analysts surveyed by FactSet expected $1.85.

Revenue for the quarter ended June 30 was $2.47 billion, flat from a year earlier.

Analysts expected $2.50 billion.

The company cut its fiscal 2026 adjusted earnings guidance to a range of $6.15 to $6.25 per share from a previous outlook of $6.85 to $7. Analysts expect $6.87.

Zoetis expects fiscal 2026 revenue of $9.12 billion to $9.32 billion. The previous outlook was $9.68 billion to $9.96 billion. Analysts expect $9.72 billion.