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31.07.2019 22:19:04

McKesson stock higher after company ups guidance, dividend

Shares of McKesson Corp. rose more than 3% in the extended session Wednesday after the health-care company reported fiscal 2020 first-quarter per-share profit below Wall Street expectations but raised its profit guidance for the year and its quarterly dividend. McKesson said it earned $423 million, or $2.27 a share, versus a loss of $138 million, or 69 cents a share, in the year-ago quarter. Revenue rose 6% to $55.7 billion in the quarter. Analysts polled by FactSet had expected earnings of $2.61 a share on sales of $54 billion. The company raised its fiscal 2020 guidance to $14 to $14.60 from $13.85 to $14.45 previously. McKesson's board increased the quarterly dividend by 5% to 41 cents per share. The dividend is payable Oct. 1 to shareholders of record Sept. 3. Shares of McKesson had ended the regular trading day down 2.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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05.08.19 McKesson Peer Perform Wolfe Research
26.10.18 McKesson Equal weight Barclays Capital
20.07.18 McKesson Neutral Robert W. Baird & Co. Incorporated
08.03.18 McKesson Equal weight Barclays Capital
02.02.18 McKesson Neutral Mizuho

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McKesson Corp. 146.29 0.74% McKesson Corp.

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