Zoetis $ZTS 26Q1
Revenue flat organic (+3% in $), o/w:
1/ US Companion Animal -11%, Livestock +7%, Int'l CA +7%, Livestock +14%
2/ Simparica -1%, Derm -11%, OA Pain -8%
Adj. Net Income +1% organic
Cuts 2026 organic guide
Revenue +2-5% (was +3-5%)
Adj. Net Income +2-6% (+3-6%)