02.08.2023 22:19:59 - dpa-AFX: McKesson Corp. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - McKesson Corp. (MCK) revealed a profit for its first
quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $958 million, or $7.02 per share. This
compares with $768 million, or $5.26 per share, in last year's first quarter.

Excluding items, McKesson Corp. reported adjusted earnings of $993 million or
$7.27 per share for the period.

Analysts on average had expected the company to earn $5.87 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 10.9% to $74.48 billion from $67.15
billion last year.

McKesson Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $958 Mln. vs. $768 Mln. last year.
-EPS (Q1): $7.02 vs. $5.26 last year.
-Analyst Estimate: $5.87
-Revenue (Q1): $74.48 Bln vs. $67.15 Bln last year.

-Guidance:
Full year EPS guidance: $26.55 to $27.35


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MCKESSON DL-,01 893953 Frankfurt 539,000 03.07.24 17:46:18 -5,600 -1,03% 0,000 0,000 542,400 539,000

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