May 7 (Reuters) - McKesson Corp ( MCK ) reported
weaker-than-expected quarterly revenue and profit on Tuesday due
to slump in demand for the company's branded and specialty drugs
that dragged sales in its U.S. pharmaceutical segment.
The drug distributor's pharmaceutical segment in the U.S.,
its largest unit by revenue that sells drugs used to treat
complex conditions such as cancer, saw weaker-than-expected
sales.
The segment also sells branded and generic drugs, as well as
over-the-counter products and vaccines.
Sales in the segment rose 11.5% in the fourth quarter to
$68.79 billion, but missed analysts' estimate of $71.65 billion,
according to LSEG data.
The rise in sales in the reported quarter was helped by
higher volumes from specialty products and partly by the demand
for GLP-1 medications.
The Texas-headquartered company forecast 2025 adjusted
per-share profit of $31.25 to $32.05, above analysts' average
estimate of $31.02 per share, according to LSEG data.
Shares of the company were down about 2% at $535 in
aftermarket trading.
On an adjusted basis, McKesson posted per-share profit of
$6.18 for the quarter ended March 31, versus analysts' estimate
of $6.34 per share.
Overall, total revenue rose about 11% to $76.36 billion,
below analysts' estimate of $79.32 billion.