McKesson Corporation (NYSE:MCK) today reported results for the first quarter ended June 30, 2020 beating analysts expectations.First-Quarter Highlights, Year-over-Year:
• Total revenues of $55.7 billion, flat year-over-year(Beating analysts estimates of $53.99 billion)
• Earnings per diluted share increased 20% to $2.72.
• Adjusted Earnings per diluted share decreased 16% to $2.77 (Beating analysts estimates of $2.35 per share)
• Board of Directors increased the quarterly dividend to 42 cents per share.
Fiscal 2021 Guidance:
• Increased fiscal 2021 Adjusted Earnings per diluted share guidance range to $14.70 to $15.50, from
the previous range of $13.95 to $14.75.
• McKesson continues to expect Adjusted Earnings per diluted share growth in the second half of fiscal
2021.
“I am proud of the dedication and discipline of McKesson’s employees as we navigate the
complexities and uncertainties of the COVID-19 pandemic while continuing to serve our customers and
our communities” said Brian Tyler, chief executive officer. “Thanks to the strong execution of our
employees around the world, McKesson delivered first-quarter results ahead of our original expectations,
as volumes across the business improved earlier than anticipated. Based on our first-quarter
performance and current outlook for the remainder of the year, we are raising our previous guidance
range for fiscal 2021 and now expect Adjusted Earnings per diluted share of $14.70 to $15.50”.
Read the full financial data here: https://s24.q4cdn.com/128197368/files/doc_financials/2021/q1/MCK-Q1FY21-Press-Release.pdf