IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Tuesday reported fiscal fourth-quarter earnings of $791 million.
The Irving, Texas-based company said it had net income of $6.02 per share. Earnings, adjusted for one-time gains and costs, were $6.18 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.34 per share.
The prescription drug distributor posted revenue of $76.36 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $78.72 billion.
For the year, the company reported profit of $3 billion, or $22.39 per share. Revenue was reported as $308.95 billion.
McKesson expects full-year earnings in the range of $31.25 to $32.05 per share.
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