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McKesson Corp. Announces Gain In Q3 Profit

McKesson Corp. (MCK) reported a profit for its third quarter that increased from last year.

The company said its bottom line came in at $712 million, or $3.41 per share. This was up from $675 million, or $3.04 per share, in last year's third quarter.

Analysts had expected the company to earn $2.94 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.0% to $53.62 billion. This was up from $50.13 billion last year.

McKesson Corp. earnings at a glance:

-Earnings (Q3): $712 Mln. vs. $675 Mln. last year.
-Earnings Growth (Y-o-Y): 5.5%
-EPS (Q3): $3.41 vs. $3.04 last year.
-EPS Growth (Y-o-Y): 12.2%
-Analysts Estimate: $2.94
-Revenue (Q3): $53.62 Bln vs. $50.13 Bln last year.
-Revenue Change (Y-o-Y): 7.0%

Full year EPS guidance: $12.50 to $12.80

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