McKesson Corp. Q1 Profit Decreases, But Beats Estimates

(RTTNews) - McKesson Corp. (MCK) reported a profit for first quarter that Decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $784 million, or $6.25 per share. This compares with $915 million, or $7.00 per share, last year.

Excluding items, McKesson Corp. reported adjusted earnings of $1.037 billion or $8.26 per share for the period.

Analysts on average had expected the company to earn $8.15 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 23.4% to $97.827 billion from $79.283 billion last year.

McKesson Corp. earnings at a glance (GAAP) :

-Earnings: $784 Mln. vs. $915 Mln. last year. -EPS: $6.25 vs. $7.00 last year. -Revenue: $97.827 Bln vs. $79.283 Bln last year.

-Guidance: Full year EPS guidance: $37.10 - $37.90