Kmart parent company Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.
McKesson on Thursday reported increased revenues for the first quarter, which ended June 30. At $47.5 billion, revenues were up 9%, compared with $43.5 billion a year ago. First-quarter earnings per diluted share from continuing operations was $2.50 compared with $1.76 a year ago.
Mylan on Wednesday announced that it received unconditional clearance from the European Commission under the European Union Merger Regulation for its acquisition of Perrigo Co., an Irish international manufacturer of private-label over-the-counter pharmaceuticals.