McKesson Earnings: Here’s Why Shares are Dipping Now
McKesson Corporation (NYSE:MCK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.9%.
McKesson Corporation Earnings Cheat Sheet
Results: Net income decreased -0.67% to $298 million ($1.41 per diluted share) in the quarter versus a net gain of $300 million in the year-earlier quarter.
Revenue: Rose 1.13% to $31.19 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: McKesson Corporation reported adjusted net income of $1.41 per share. By that measure, the company missed the mean analyst estimate of $1.63. It beat the average revenue estimate of $30.81 billion.