Standpoint Research Upgrades McKesson (MCK) to Buy
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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
