McKesson Corp. Raises FY20 Adjusted EPS Guidance

Date : 01/13/2020 @ 10:35PM
Source : Dow Jones News
Stock : McKesson Corporation (MCK)
Quote : 138.02  12.32 (9.80%) @ 12:46AM
McKesson share price Chart
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Last $ 138.43 ▲ 0.41 (0.30%)

McKesson Corp. Raises FY20 Adjusted EPS Guidance

McKesson (NYSE:MCK)
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   By Stephen Nakrosis 
 

McKesson Corp. (MCK) on Monday said it was raising its guidance for fiscal year 2020 adjusted earnings per diluted share.

"The focus on executing against our strategic growth initiatives and disciplined capital allocation is reflected in our updated outlook for fiscal 2020. Our businesses are well positioned to continue to deliver growth," said Brian Tyler, chief executive officer. "Based on the continued momentum and trends in our business, we have narrowed and raised our Adjusted EPS guidance range for fiscal 2020."

The company said it was expecting fiscal year 2020 adjusted EPS in a ranger between $14.60 and $14.80, above previous guidance of a range between $14 and $14.60 per share.

The company's stock lost 0.11% in the day's regular trading session, closing at $143.65. In the after-hours market, shares were trading at $149 at 4:59 p.m. EST, according to FactSet.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 13, 2020 17:20 ET (22:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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