IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Monday reported fiscal fourth-quarter profit of $787 million.
The Irving, Texas-based company said it had profit of $5.71 per share. Earnings, adjusted for one-time gains and costs, came to $7.19 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.16 per share.
The prescription drug distributor posted revenue of $68.91 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $68.18 billion.
For the year, the company reported profit of $3.56 billion, or $25.03 per share. Revenue was reported as $276.71 billion.
McKesson expects full-year earnings in the range of $26.10 to $26.90 per share.
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