DOW JONES21,413.44+469.93 2.24%
S&P 5002,526.90+56.40 2.28%
NASDAQ7,487.31+126.73 1.72%

McKesson Corporation Raises FY20 Adj. EPS Guidance From $14.60-$14.80 To $14.67-$14.87 Reflect Updated Weighted Avg. Shares Outstanding Assumptions

McKesson Corporation (NYSE:MCK) today announced it is updating its adjusted earnings outlook for the fiscal year ending March 31, 2020 to reflect the completion of the company's exit of its investment in Change

Benzinga · 03/17/2020 20:13

McKesson Corporation (NYSE:MCK) today announced it is updating its adjusted earnings outlook for the fiscal year ending March 31, 2020 to reflect the completion of the company's exit of its investment in Change Healthcare, as announced on March 10, 2020.
McKesson is updating its previous fiscal 2020 Adjusted Earnings per diluted share guidance range of $14.60 to $14.80 to a new range of $14.67 to $14.87. This updated outlook reflects weighted average shares outstanding used in the calculation of earnings per share of approximately 182 million for the year, updated from the previous assumption of approximately 183 million weighted average shares outstanding for the year. All other underlying key fiscal 2020 assumptions provided in McKesson's press release on February 4, 2020 are unchanged.