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Why McKesson Shares Are Jumping Today

By Vandana Singh
  • McKesson Corp (NYSE:MCK) reported Q4 FY22 adjusted EPS of $5.83, +15% Y/Y, and missing the consensus of $6.04.
  • Revenues increased 12% Y/Y to $66.10 billion, surpassing the consensus of $63.61 billion.
  • U.S. Pharmaceutical segment's Q4 FY22 revenues were $53.67 billion, +14%, driven by an increased volume of specialty products, including higher volumes from retail national account customers, and market growth, partially offset by branded to generic conversions.
  • Prescription Technology Solutions segment revenues increased 29% to $1 billion, driven by volume growth related to biopharma services. 
  • Related: Washington, Drug Distributors Reach $518M Settlement For Opioid Claims.
  • Medical-Surgical Solutions revenues improved 6% to $2.9 billion, driven by growth and improvements in the primary care business.
  • Through March 31, 2022, McKesson has shipped over 380 million vaccines on behalf of the U.S. government.
  • Outlook: McKesson forecasts FY23 adjusted EPS of $22.90 - $23.60 (consensus $23.10), including $0.05 - $0.25 related to the U.S. government's COVID-19 vaccine distribution, kitting, and storage programs; and $0.15 - $0.35 pertaining to COVID-19 tests.
  • Price Action: MCK shares are up 4.44% at $329.44 during the market session on the last check Friday.
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Dive Deeper:
Why CommScope Shares Are Surging Today
CommScope Holding Company, Inc (NASDAQ:COMM) reported first-quarter FY22 net sales growth of 7.6% year-on-year to $2.23 billion, beating the consensus of $2.08 billion.…
Why Gannett Shares Are Sliding Today
Gannett Co Inc (NYSE:GCI) reported a first-quarter FY22 sales decline of 3.7% year-on-year to $748.08 billion, missing the consensus of $754.90 million. Same-store…
Why Crocs Shares Are Surging Today
Crocs Inc (NASDAQ:CROX) reported first-quarter FY22 sales growth of 43.5% year-on-year, to $660.15 million, beating the consensus of $621.88 million. Wholesale revenue grew…
What's Going On With Shift4 Payments Shares Today
Shift4 Payments, Inc (NYSE:FOUR) reported first-quarter FY22 gross revenue growth of 68% year-on-year to $401.9 million, beating the consensus of $380.6 million. Gross…
One subscription that gives you access to news from hundreds of sites
Becton Dickinson Raises FY22 Guidance As Q2 Earnings Top Estimates
Becton Dickinson and Co (NYSE:BDX) reported Q2 FY22 revenues of $5.01 billion, up 2.1% Y/Y (3.9% on a currency-neutral basis), better than…
Why Hain Celestial Shares Are Plunging Today
Hain Celestial Group Inc (NASDAQ:HAIN) reported third-quarter FY22 sales growth of 2.1% year-on-year to $502.94 million, missing the consensus of $521.54 million. Net…
Get all your news in one place