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McKesson Guides FY21 Adj. EPS Below Analysts' Expectations - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, healthcare company McKesson Corp. (MCK) initiated adjusted earnings and revenue growth guidance for the full-year 2021.

For fiscal 2021, the company now projects adjusted earnings in a range of $13.95 to $14.75 per share on revenue growth of 2 to 4 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $15.46 per share on revenue growth of 3.3 percent to $235.70 billion for the year. Analysts' estimates typically exclude special items.

The guidance reflects anticipated headwinds in fiscal 2021 as a result of the COVID-19 pandemic and a continuation of disciplined, efficient capital deployment, including investments in the business.

McKesson also said it expects adjusted earnings per share growth in the second half of fiscal 2021.

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