On August 6, McKesson rose 3.17% in after-hours trading, trading at $901.25/share, with turnover of $20.44 million.

The movement was driven by the company's fiscal 2027 first-quarter earnings release, which delivered a comprehensive beat. Adjusted EPS came in at $9.93, surpassing the consensus estimate of $9.54 by approximately 4.1% and representing a 20.2% year-over-year increase from $8.26. Revenue reached $105.38 billion, exceeding the $103.74 billion estimate. Notably, last quarter's revenue had significantly missed expectations at $96.3 billion versus the $101.35 billion estimate, making this quarter's top-line recovery particularly meaningful for investor confidence.

Additionally, McKesson raised its fiscal 2027 full-year adjusted EPS guidance to $44.20-$45.00, compared to the prior range of $43.80-$44.60 and the FactSet consensus of $44.26. The guidance uplift, combined with the strong quarterly results, reinforced the positive outlook supported by Citi's recent price target increase to $1,000 and a 15% dividend hike to $0.94 per share.

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