McKesson Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - McKesson Corp. (MCK) revealed a profit for its first quarter that rose from the same period last year.

The company's earnings totaled $486 million, or $3.07 per share. This compares with $444 million, or $2.72 per share, in last year's first quarter.

Excluding items, McKesson Corp. reported adjusted earnings of $880 million or $5.56 per share for the period.

Analysts had expected the company to earn $4.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.6% to $62.67 billion from $55.68 billion last year.

McKesson Corp. earnings at a glance:

-Earnings (Q1): $880 Mln. vs. $453 Mln. last year. -EPS (Q1): $5.56 vs. $2.77 last year. -Analysts Estimate: $4.17 -Revenue (Q1): $62.67 Bln vs. $55.68 Bln last year.