McKesson: Fiscal Q2 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Wednesday reported fiscal second-quarter profit of $664 million.
On a per-share basis, the Irving, Texas-based company said it had profit of $4.92. Earnings, adjusted for non-recurring costs and amortization costs, came to $6.23 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $6.11 per share.
The prescription drug distributor posted revenue of $77.22 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $75.83 billion.
McKesson expects full-year earnings in the range of $26.80 to $27.40 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCK at https://www.zacks.com/ap/MCK
