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McKesson Corp. Q2 adjusted earnings Beat Estimates

McKesson Corp. (MCK) revealed a profit for its second quarter that increased from the same period last year.

The company's earnings came in at $499 million, or $2.52 per share. This compares with $1 million, or $0.01 per share, in last year's second quarter.

Excluding items, McKesson Corp. reported adjusted earnings of $714 million or $3.60 per share for the period.

Analysts had expected the company to earn $3.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $53.08 billion from $52.06 billion last year.

McKesson Corp. earnings at a glance:

-Earnings (Q2): $714 Mln. vs. $689 Mln. last year.
-EPS (Q2): $3.60 vs. $3.28 last year.
-Analysts Estimate: $3.28
-Revenue (Q2): $53.08 Bln vs. $52.06 Bln last year.

Full year EPS guidance: $13.20 to $13.80

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