Cencora (COR) raised its fiscal 2026 earnings outlook and authorized a new $2 billion share repurchase program.
The company expects adjusted EPS of $17.70 to $17.90, up from its prior forecast of $17.65 to $17.90. Analysts polled by FactSet project $17.76.
"Opportunistic share repurchases" in May support the plan to buy back $1 billion of common stock by the end of calendar 2026, the company said Thursday in a statement.
The board on Wednesday approved the additional $2 billion authorization, subject to market conditions.
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