Turn's into Profitability, Single Digit Topline Growth

Mckesson Corporation announced earnings per share of $2.24 and Sales of $52.43 billions in the first quarter 2019, Company's turn a round per share, versus $-0.68 eps, earned in the same quarter a year ago, although Mckesson Corporation saw it's Sales rise by 5.93 % in the same period.

Sales increased by 6.29 % from $52.43 billions in preceding period, EPS turn positive from $-4.15 per share.
Mckesson Corporation said it's sales growth was driven by U.S. Healthcare direct distribution or services segment up 15.52% Pharmaceutical Solutions segment up 9.44% Medical-Surgical Solutions segment up 2.81%, while sales in Canada distribution or services segment fell -19.78%.
Earnings grew in following segments Pharmaceutical Solutions 16.77%. This made Company profitable again in the first quarter 2019, with $477 millions, an increase from net loss of $-80 millions in the first quarter 2019 a year ago. Mckesson Corporation also emphasized it's improving profit margins, where net margin rose to 0.86% in first quarter 2019, and operating margin edged up to 1.14%. Mckesson Corporation cut it's annual earnings per share forecast by $ -2.24, now company expects eps from $9.96 to $10.46.


Mckesson Corporation is expected to report next financial results on October 28, 2019.