McKesson Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - McKesson Corp. (MCK) revealed a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's earnings totaled $1.110 billion, or $8.92 per share. This compares with $241 million, or $1.87 per share, last year.

Excluding items, McKesson Corp. reported adjusted earnings of $1.227 billion or $9.86 per share for the period.

Analysts on average had expected the company to earn $9.05 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.1% to $103.150 billion from $93.651 billion last year.

McKesson Corp. earnings at a glance (GAAP) :

-Earnings: $1.110 Bln. vs. $241 Mln. last year. -EPS: $8.92 vs. $1.87 last year. -Revenue: $103.150 Bln vs. $93.651 Bln last year.

-Guidance: Full year EPS guidance: $38.35 to $38.85