McKesson Shares Surge After Earnings, Outlook Top Street View

By Wallace WitkowskiMarketsMarketWatch Pulse

McKesson Inc. shares rallied in the extended session Thursday after the health-care supply chain management company's fourth-quarter earnings and full-year outlook topped Wall Street estimates. McKesson shares surged 6% to $150 after hours. The company reported adjusted fiscal fourth-quarter earnings of $3.42 a share on revenue of $48.71 billion. Analysts surveyed by FactSet had estimated earnings of $3 a share on revenue of $49.48 billion. For the year, McKesson expects adjusted earnings of $11.75 to $12.45 a share, while analysts had estimated $11.45 a share.

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