News Focus
News Focus
icon url

DewDiligence

08/06/13 2:09 PM

#7409 RE: jbog #7408

ZTS—$74M/$252M = 29% on a non-GAAP basis (see rightmost column in reconciliation table).

ZTS’ GAAP numbers are affected by large one-time charges relating to the separation from PFE, and hence no analysts (or serious investors) are paying attention to them.