In its third quarter, McKesson Corp. (MCK) reported a significant increase in profit, surpassing market expectations. The company's net income amounted to $879 million, translating to $6.95 per share, compared to the previous year's $589 million, or $4.42 per share.
After excluding specific items, McKesson announced adjusted earnings of $1.02 billion, or $8.03 per share, which exceeded the $7.99 per share anticipated by analysts—who generally do not factor in special items in their forecasts.
The company's revenue saw a robust 17.8% growth, reaching $95.294 billion, up from $80.898 billion in the same quarter last year.
Key highlights of McKesson Corp.'s quarterly performance (in accordance with GAAP) include:
- Net Earnings: $879 million, up from $589 million last year.
- Earnings Per Share (EPS): $6.95, compared to last year's $4.42.
- Revenue: $95.294 billion, rising from last year's $80.898 billion.
For the full fiscal year, McKesson maintains its EPS guidance, projecting between $32.55 and $32.95.
