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Zoetis (ZTS) Stock Gains, Raises Outlook After Q2 Beat

NEW YORK (TheStreet) -- Shares of Zoetis (ZTS) were surging 5.09% to $52.25 in pre-market trading on Wednesday as the company boosted its full-year guidance after reporting 2016 second-quarter earnings and revenue above analysts' estimates.

Before the market open, the animal drug maker reported adjusted earnings of 49 cents per share, topping analysts' expectations of 44 cents per share.

Revenue rose 3% year-over-year to $1.21 billion and beat analysts' projections of $1.17 billion.

"We...continue to...