The 2020 Mid-Year Economic Update_long

McKesson Sales Increase 10% in 3Q

Profit falls nearly 80 percent in the quarter.

McKesson Corporation (NYSE: MCK), San Francisco, CA, reported sales for the third quarter ended Dec. 31, 2013, of $34.3 billion, an increase of 10 percent from the previous year.

Distribution Solutions sales were up 10 percent, mainly due to growth in the U.S. market. Medical-Surgical distribution sales were up 67 percent for the quarter, while Technology solutions increased 6 percent. Profit for the quarter decreased 78.5 percent from $298 million to $64 million.

For the first nine months of the fiscal year, sales were $99.5 billion, an 8.6 percent increase from the previous year. The company reported a profit of $892 million year-to-date, a decrease of 17.3 percent from the same period in 2012.

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