McKesson Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - McKesson Corp. (MCK) announced a profit for its first quarter that climbed from last year.

The company's bottom line totaled $444 million, or $2.72 per share. This compares with $423 million, or $2.24 per share, in last year's first quarter.

Excluding items, McKesson Corp. reported adjusted earnings of $453 million or $2.77 per share for the period.

Analysts had expected the company to earn $2.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.1% to $55.68 billion from $55.73 billion last year.

McKesson Corp. earnings at a glance:

-Earnings (Q1): $453 Mln. vs. $625 Mln. last year. -EPS (Q1): $2.77 vs. $3.31 last year. -Analysts Estimate: $2.30 -Revenue (Q1): $55.68 Bln vs. $55.73 Bln last year.

-Guidance: Full year EPS guidance: $14.70 to $15.50

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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