Categories Earnings, Health Care

McKesson Corporation (MCK): Q3 2019 Earnings Snapshot

— McKesson Corporation (NYSE: MCK) reported third-quarter 2019 earnings of $3.60 per share, in line with the street projection.

— Total revenue grew 9% to $57.62 billion, vs $55.07 billion expected.  The topline was driven by its US Pharmaceutical and Specialty Solutions segment.

— Revenues from US Pharma segment were $46.0 billion, up 10%, driven by branded pharmaceutical price increases and increased specialty pharmaceutical volumes.

— Reaffirms fiscal 2020 adjusted EPS guidance range of $14.00 – $14.60.

— CME shares have gained 0.7% immediately following the announcement.

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