McKesson (MCK) Tops Q3 EPS by 47c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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McKesson Reports Fiscal 2021 Third-Quarter Results
February 2, 2021 7:00 AM ESTThird-Quarter Highlights, Year-over-Year:
Total revenues of $62.6 billion, reflecting 6% growth. McKesson recorded a pre-tax charge of $8.1 billion related to opioid litigation, resulting in third-quarter Loss per diluted share of ($39.03). Adjusted Earnings per diluted share of $4.60, an increase of 21%. Board of Directors authorized an additional $2.0 billion share repurchase program.Fiscal 2021 Guidance:
Increased fiscal 2021 Adjusted Earnings per diluted share guidance range to $16.95 to $17.25, from the previous range of $16.00 to $16.50. Fiscal 2021 Adjusted Earnings per diluted share guidance assumes $0.25 to $0.35 related to COVID-19 vaccine distribution and $0.20 to $0.30... More