McKesson (MCK) is seeing its stock rise before the opening bell on Tuesday, boosted by the release of quarterly results. The company announced a loss for its third fiscal quarter, but stripping out a litigation charge, the firm recorded a profit that was significantly higher than last year.
McKesson also raised its guidance for the full year.
On the news, the stock is trading at $42.98 at about 8:30 am Eastern Time, up from Monday's close of $40.40. With the advance, the stock is poised to open at its highest level since October.
Third quarter net loss for McKesson was $20 million or $0.07 per share, compared to a net income of $201 million or $0.68 per share in the prior-year quarter.
Results for the quarter include a litigation charge of $493 million, or $1.14 per share. Excluding the charge, McKesson would have earned $291 million or $1.05 per share, an increase of 54% over the prior year.
Looking ahead to 2009, McKesson now sees earnings in the range of $4.15 to $4.30 per share, up from the prior forecast range of $3.08 to $3.25 per share. Analysts' currently expect the company to earn $4.03 per share for the year. Forecast excludes AWP litigation charge.
For comments and feedback contact: editorial@rttnews.com
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.