MCK

McKesson Corporation

322.28
USD
-1.21%
322.28
USD
-1.21%
186.61 339.94
52 weeks
52 weeks

Mkt Cap 50.46B

Shares Out 154.68M

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McKesson Corp. Q4 Profit Decreases, misses estimates

(RTTNews) - McKesson Corp. (MCK) reported earnings for fourth quarter that decreased from last year and missed the Street estimates. The company's earnings totaled $368 million, or $2.47 per share. This compares with $666 million, or $4.15 per share, in last year's fourth quarter. Excluding items, McKesson Corp. reported adjusted earnings of $870 million or $5.83 per share for the period. Analysts on average had expected the company to earn $6.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 11.8% to $66.10 billion from $59.14 billion last year. McKesson Corp. earnings at a glance (GAAP) : -Earnings (Q4): $368 Mln. vs. $666 Mln. last year. -EPS (Q4): $2.47 vs. $4.15 last year. -Analyst Estimates: $6.04 -Revenue (Q4): $66.10 Bln vs. $59.14 Bln last year. 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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