McKesson misses third-quarter revenue estimates

McKesson

05/02/2025 23:02

Feb 5 (Reuters) - Drug distributor McKesson  MCK.N 
missed estimates for third-quarter revenue on Wednesday, hurt by
less-than-expected sales in its U.S. pharmaceutical segment,
which includes branded and specialty drugs.
    Shares of the Texas-headquartered company fell 3% in
extended trading.
    Drug distributors in the United States are expanding their
presence in the market for specialty medicines, which treat
complex conditions such as rheumatoid arthritis and cancer, due
to their high profit margins.
    Mckesson's results are in contrast with peer Cardinal
 COR.N , which raised its 2025 profit forecast and beat
quarterly earnings estimates last week, on strength in its
pharmaceuticals unit.
    The company reported third-quarter revenue of $95.29
billion, missing analysts' average estimate of $96.08 billion,
according to data compiled by LSEG.
    The drug distributor's U.S. pharmaceutical unit — its
largest segment by revenue — recorded sales of $87.11 billion.
While that was 19% higher than the year earlier, it missed
analysts' estimate of $88.92 billion.
    On an adjusted basis, McKesson earned $8.03 per share,
compared with the estimates of $7.99 per share.
    Mckesson revised its profit forecast range to $32.55 to
$32.95 per share for 2025, compared with its previous projection
of $32.40 to $33.00 per share.
    

 (Reporting by Christy Santhosh in Bengaluru; Editing by Shilpi
Majumdar)
 ((Christy.Santhosh@thomsonreuters.com))