IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Wednesday reported fiscal first-quarter net income of $915 million.
On a per-share basis, the Irving, Texas-based company said it had net income of $7. Earnings, adjusted for one-time gains and costs, were $7.88 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $7.16 per share.
The prescription drug distributor posted revenue of $79.28 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $83.21 billion.
McKesson expects full-year earnings in the range of $31.75 to $32.55 per share.
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