McKesson Stock Surges, Driven by Strong Earnings

McKesson Corporation, a healthcare titan with a history dating back to 1833, has evolved from a small drug importer to a global powerhouse. Based in Irving, Texas, it manages a vast network for distributing medicines, medical supplies, and advanced technology to hospitals and pharmacies. With a market value of over one hundred nine billion dollars, its a large-cap company, far exceeding the ten billion dollar mark. McKessons stock recently hit a record high, surging nearly thirty percent over the last three months, outpacing the S&P five hundred Index. This growth is driven by strong operations and financial results, including a ten point one percent year-over-year increase in revenue to over one hundred three billion dollars in the fiscal second quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.