IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Wednesday reported fiscal first-quarter profit of $784 million.
On a per-share basis, the Irving, Texas-based company said it had net income of $6.25. Earnings, adjusted for one-time gains and costs, were $8.26 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $8.23 per share.
The prescription drug distributor posted revenue of $97.83 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $96.08 billion.
McKesson expects full-year earnings in the range of $37.10 to $37.90 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCK at https://www.zacks.com/ap/MCK
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/Oracle%20Corp_%20office%20logo-by%20Mesut%20Dogan%20via%20iStock.jpg)