McKesson: Fiscal Q3 Earnings Snapshot
IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Wednesday reported fiscal third-quarter profit of $589 million.
On a per-share basis, the Irving, Texas-based company said it had profit of $4.42. Earnings, adjusted for one-time gains and costs, were $7.74 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $7.05 per share.
The prescription drug distributor posted revenue of $80.9 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $77.48 billion.
McKesson expects full-year earnings in the range of $27.25 to $27.65 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
