Earnings Summary: A snapshot of McKesson Corporation’s Q1 2024 report

admin August 2, 2023

This article was originally published on Alpha Street

McKesson Corporation (NYSE: MCK), a diversified healthcare service company that operates in partnership with biopharma companies, care providers, pharmacies, and governments, on Wednesday reported financial results for the first quarter of 2024.

Earnings Update by AlphaStreet

  • Total revenues came in at $74.5 billion in the first three months of 2024, up 11% year-over-year
  • Earnings per share from continuing operations was $7.02 in Q1, compared to $5.25 last year
  • Adjusted earnings per share increased 25% year-over-year to $7.27
  • McKesson’s board of directors approved a $6.0 billion increase to the company’s share repurchase program
  • For fiscal 2024, the management expects adjusted earnings per share to be between $26.55 and $27.35

The post Earnings Summary: A snapshot of McKesson Corporation’s Q1 2024 report first appeared on AlphaStreet.

Categories: alpha-street

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to nests
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .