For healthcare services and information technology company McKesson Corp. (MCK), which is slated to report second-quarter results after the market close Tuesday, analysts are expecting earnings of $1.02 per share and revenues of $26.75 billion. During the corresponding period last year, the company had posted adjusted earnings of $1.05 per share on revenue of $27.1 billion.
The company, in July, had raised its fiscal year 2010 earnings outlook to $4.15 - $4.30 per share from $3.90 - $4.05 per share. Analysts currently expect the company to earn $4.29 per share for the fiscal year 2010.
In the preceding first quarter, the San Francisco-based company reported net income of $288 million or $1.06 per share, an increase from $235 million or $0.83 per share in the year-ago quarter, aided by strong cost controls across the company. However, revenue declined to $26.66 billion from $26.70 billion in the previous year, largely due to the loss of certain customers the U.S. pharmaceutical distribution business.
Among McKesson's rivals, AmerisourceBergen Corp. (ABC) is due to release its financial results for the fourth quarter on November 3, with analysts forecasting earnings of $0.40 per share on revenues of $18.06 billion. The company expects to achieve the higher end of the $0.34 - $0.40 per share range guidance for the fourth quarter. For fiscal 2009, AmerisourceBergen currently expects earnings from continuing operations to be at the higher end of its previously estimated range of $1.59 - $1.65 per share, and revenue growth of between 1% and 3%.
Another peer, Owens & Minor Inc. (OMI) posted third-quarter net income of $34.69 million or $0.83 per share, higher than $25.28 million or $0.61 per share reported a year ago, reflecting year-on-year improvement in revenues. Quarterly revenue increased 13.9% to $2.035 billion from $1.787 billion last year. Most recently, Owens & Minor said it continues to target fiscal 2009 revenue growth in the upper end of a range of 8% - 12%, and income per share from continuing operations in the range of $2.55 - $2.70, excluding the positive effect of the third quarter LIFO provision.
McKesson shares, which have been trading between $28.27 and $62.34 in the past 52 weeks, are currently trading at $60.55, up 13 cents or 0.22%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.