By Micah Maidenberg

Zoetis Inc. said it believes the company will generate $7.4 billion to $7.55 billion in revenue this year, which would represent an increase from the $6.68 billion it recorded in 2020.

The animal-health company also sees a profit of $4.02 to $4.14 a share in 2021, or $4.36 to $4.46 a share on an adjusted basis.

"We expect to continue growing revenue faster than the market in 2021 driven by continued strength in petcare; ongoing expansion in markets outside the U.S., most notably China; and acceleration of our diagnostics portfolio penetration," Chief Executive Kristin Peck said in a statement.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

02-16-21 0737ET