McKesson Corp. Raises FY20 Adjusted EPS Guidance
January 13 2020 - 5:35PM
Dow Jones News
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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