McKesson Corp. Updates Earnings Guidance - Quick Facts

(RTTNews) - McKesson Corp. (MCK) announced the company now expects adjusted earnings per diluted share of $13.20 to $13.80 for the fiscal year ending March 31, 2019, from the previous range of $13.00 to $13.80 per diluted share.

Second-quarter adjusted earnings per diluted share was $3.60, up 10% compared to $3.28 a year ago, primarily driven by a lower tax rate, including a discrete tax benefit of $42 million, or $0.21 per diluted share, and the reversal of a contractual liability, partially offset by the customer losses in U.S. Pharmaceutical business, incremental challenges in businesses in the U.K. and France, and increased litigation expenses related to opioids.

Revenues for the second quarter ended September 30, 2018, were $53.1 billion, up 2% compared to $52.1 billion a year ago, and also up 2% on a constant currency basis.