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McKesson beat earnings estimates, raised revenue, and boosted stock outlook with a dividend hike.
McKesson Corporation reported strong third-quarter earnings of $9.86 per share, beating estimates by $1.02, with revenue rising 10.2% year-over-year to $103.15 billion.
The stock closed at $809.51, near its 52-week high of $895.58, and holds a consensus "Moderate Buy" rating with a target of $892.86.
The company announced a quarterly dividend of $0.82, yielding 0.4%, payable January 2 to shareholders of record on December 1.
Institutional ownership remains high at 85.07%, while insider holdings dropped after Napoleon B. Rutledge sold 329 shares.
Several firms, including Evercore ISI, raised their price targets, citing resilience and growth.
McKesson superó las estimaciones de ganancias, aumentó los ingresos e impulsó las perspectivas de las acciones con un aumento de dividendos.