McKesson Issues FY17 Earnings Guidance - Quick Facts

(RTTNews) - McKesson Corp. (MCK) announced, for the fiscal year ending March 31, 2017, the company expects $13.30 to $13.80 per share, which excludes approximately 12 to 15 cents in expected charges from Adjusted Earnings related to the Cost Alignment Plan. Analysts polled by Thomson Reuters expect the company to report profit per share of $13.48. Analysts' estimates typically exclude special items.

The company reported that revenues for the fourth quarter ended March 31, 2016 were $46.7 billion, up 4% compared to $44.9 billion a year ago. On a constant currency basis, revenues increased 5% over the prior year.

Fourth-quarter earnings per share from continuing operations was $1.97 compared to $1.69 a year ago. Fourth-quarter adjusted earnings per share was $2.44, down 17% compared to the prior year.