Deutsche Bank Downgrades McKesson (MCK) to Hold
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
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- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
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McKesson Reports Fiscal 2017 Second-Quarter Results and Revised Fiscal 2017 Outlook
October 27, 2016 4:11 PM EDTRevenues of $50.0 billion for the second quarter, up 2% year-over-year. Second-quarter GAAP earnings per diluted share from continuing operations of $1.35, down 49% year-over-year. Excluding a goodwill impairment charge of $1.24 and Cost Alignment Plan credits of 2 cents from Adjusted Earnings, second-quarter results per diluted share of $2.94, down 7% year-over-year, compared to $3.17 in the prior year. Board of Directors authorized a new $4.0 billion share repurchase program. Revised Fiscal 2017 Outlook: GAAP earnings per diluted share from continuing operations of $8.95 to $9.80.... More