McKesson stock up 1.3% after company posts earnings above Wall Street expectations

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McKesson stock up 1.3% after company posts earnings above Wall Street view

Shares of McKesson Corp. MCK, +0.61% rose 1.3% in premarket trade Wednesday after the company reported fourth-quarter earnings that beat Wall Street expectations, though it missed on revenue. McKesson posted a loss of $796 million, or a loss of $4.17 per share, compared with a loss of $1.15 billion, or $5.58 per share, in the year-earlier quarter. Adjusted EPS came in at $3.69, above the FactSet consensus of $3.66. Revenue rose to $52.43 billion from $51.

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