McKesson (MCK) Tops Q4 EPS by 1c; beats on guidance

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Go back to McKesson (MCK) Tops Q4 EPS by 1c; beats on guidance

McKesson shares surge as guidance, long-term targets impress

May 9, 2023 11:52 AM EDT

(Updated - May 9, 2023 11:57 AM EDT)

Shares of McKesson, a health services company and pharmaceutical distributor, climbed Tuesday, surging by the most in over three years after it reported earnings and guidance that topped consensus.

Revenue for its fiscal fourth quarter climbed 4% to $68.9 billion and adjusted EPS was up 23% to $7.19. Both beat consensus estimates. It also issued 2024 guidance that beat Wall Street... More