McKesson, a leading drug distributor, has reported a drop in profit for the latest quarter due to a significant charge associated with Rite Aid. However, the company has raised its outlook for the fiscal year. In the fiscal third quarter that ended on December 31, McKesson recorded a net income of $589 million, or $4.42 per share. This is a decrease from the previous year's net … [Read more...] about McKesson Reports Drop in Profit, Raises Outlook for Fiscal Year
outlook
Owens & Minor Sees 23% Surge in Shares After Strong Revenue Growth
By Denny Jacob Owens & Minor experienced a significant boost in its share price, with a 23% increase to $19.09, following impressive revenue growth in its most recent quarter. Despite a 2.3% decline over the year, the stock is on track for its highest close in nearly three months. In the third quarter ended September 30, the healthcare solutions company reported a loss of … [Read more...] about Owens & Minor Sees 23% Surge in Shares After Strong Revenue Growth
Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Air Products & Chemicals Inc. (APD) announced its fiscal fourth-quarter results on Tuesday, with net income rising to $692.6 million, or $3.11 per share, compared to $583.1 million, or $2.62 per share, in the same period last year. The adjusted earnings per share of $3.15 surpassed the FactSet consensus of $3.11. Revenue Falls Below Expectations However, the company's … [Read more...] about Air Products & Chemicals Inc. Reports Q4 Profit Above Expectations
Seven & i Holdings to Report Q2 Results
by Kosaku Narioka Net Profit Forecast Seven & i Holdings is expected to report a 28% drop in net profit to 50.91 billion yen ($342.3 million) for the quarter ended Aug. 31, according to a poll of analysts by FactSet. This is a decrease from the 71.05 billion yen reported in the year-earlier period. Revenue Forecast Second-quarter revenue is estimated to have fallen 9.4% … [Read more...] about Seven & i Holdings to Report Q2 Results
TELUS International (Cda) Faces Steep Decline in Shares
TELUS International (Cda) experienced a significant drop in shares on Friday morning, following a downward revision of its parent company's outlook for the full year. The weak performance of its Telus International unit led to this unfavorable development. As of 9:35 a.m. ET, shares in Toronto were down nearly 29% at 13.76 Canadian dollars ($10.49), while the stock in New York … [Read more...] about TELUS International (Cda) Faces Steep Decline in Shares
