McKesson Reports Strong Q3 Profit and Revenue Growth

McKesson Corp. demonstrates solid performance with higher earnings and revenue growth in Q3. The company's earnings per share significantly exceeded estimates, driving a positive outlook for investors.

Date: 05-02-2025

AI Rating: 8

Overview of Financial Performance: McKesson Corp.'s third-quarter results reveal a substantial profit increase compared to the same period last year, signaling strong operational performance. The reported earnings totaled $879 million, equivalent to $6.95 per share, an improvement from $589 million or $4.42 per share in the previous year.

Earnings Per Share (EPS): The EPS figures show a strong upward trend, not only surpassing the previous year's metrics but also exceeding analyst estimates of $7.99 per share. The adjusted earnings for the quarter stand at $1.02 billion or $8.03 per share, further reinforcing a positive view of McKesson's profitability.

Revenue Growth: The company reported a remarkable revenue growth of 17.8%, with revenues rising to $95.294 billion from $80.898 billion year-over-year. This growth is significant and reflects McKesson's strong market presence and effective business strategies.

Outlook and Guidance: McKesson provided an EPS guidance for the full year, estimating between $32.55 and $32.95. This outlook suggests confidence in continuing strong performance, which is generally favorable for investors looking for growth opportunities.

Stocks: MCK