Mckesson Corporation (NYSE:MCK)

“McKesson had excellent first quarter results, driven by strong performance across the entire company. Every business in both our Distribution and Technology segments met or exceeded our earnings expectations, giving us positive momentum for the remainder of our fiscal year,” said John H. Hammergren, chairman and chief executive officer. Based on our positive momentum, we are raising our previous outlook.

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Guidance Report:

Full Year Fiscal 2009 Guidance Ending March

EPS Figures exclude non-operating gains and losses (Non-GAAP).

“McKesson had an outstanding quarter, demonstrating the resilience of our business despite tough economic conditions. Our performance was driven by the strong operating results in Distribution Solutions, which continues to execute exceptionally well,” said John H. Hammergren, chairman and chief executive officer. “We are pleased with the performance of Technology Solutions, and with revenue growth of 2%, it was in line with the expectations we laid out after the end of the second quarter. We also exercised more aggressive expense control, which contributed to solid operating profit growth in this segment.”

Source: Business Wire (January 26, 2009)