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Headquartered in San Francisco, California, McKesson Corporation (MCK - Free Report) is a global provider of healthcare supply chain management solutions, retail pharmacy, community oncology cum specialty care, and healthcare information technology.
Currently, McKesson has a Zacks Rank #3 (Hold) but that could change following its first quarter fiscal 2019 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here). We have highlighted some of the key details from the just-released announcement below:
Earnings: McKesson’s adjusted earnings of $2.90 per share came above the Zacks Consensus Estimate of $2.89 and increased 17.9% from the year-ago quarter.
Revenues: McKesson posted sales of $52.61 billion, a bit lower than the Zacks Consensus Estimate for revenues of $53.04 billion. This was up by 3% on a year-over-year basis.
Key Stats: U.S. Pharmaceutical and Specialty Solutions revenues were $41 billion for the quarter, up 2% year over year.
European Pharmaceutical Solutions revenues were $6.9 billion for the quarter, up 9% on a reported basis and 1% at constant currency (cc).
Medical-Surgical Solutions revenues were $1.7 billion for the quarter, up 11% year over year.
Major Factors: McKesson expects adjusted earnings per share of $13.00-$13.80 for fiscal 2019.
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this McKesson report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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McKesson's (MCK) Q1 Earnings Beat Estimates, Sales Improve Y/Y
Headquartered in San Francisco, California, McKesson Corporation (MCK - Free Report) is a global provider of healthcare supply chain management solutions, retail pharmacy, community oncology cum specialty care, and healthcare information technology.
Currently, McKesson has a Zacks Rank #3 (Hold) but that could change following its first quarter fiscal 2019 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here). We have highlighted some of the key details from the just-released announcement below:
McKesson Corporation Price and EPS Surprise
McKesson Corporation Price and EPS Surprise | McKesson Corporation Quote
Earnings: McKesson’s adjusted earnings of $2.90 per share came above the Zacks Consensus Estimate of $2.89 and increased 17.9% from the year-ago quarter.
Revenues: McKesson posted sales of $52.61 billion, a bit lower than the Zacks Consensus Estimate for revenues of $53.04 billion. This was up by 3% on a year-over-year basis.
Key Stats: U.S. Pharmaceutical and Specialty Solutions revenues were $41 billion for the quarter, up 2% year over year.
European Pharmaceutical Solutions revenues were $6.9 billion for the quarter, up 9% on a reported basis and 1% at constant currency (cc).
Medical-Surgical Solutions revenues were $1.7 billion for the quarter, up 11% year over year.
Major Factors: McKesson expects adjusted earnings per share of $13.00-$13.80 for fiscal 2019.
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this McKesson report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>