01.11.2023 22:17:57 - dpa-AFX: McKesson Corp. Q2 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - McKesson Corp. (MCK) reported earnings for second
quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $664 million, or $4.92 per share. This compares
with $926 million, or $6.42 per share, in last year's second quarter.
Excluding items, McKesson Corp. reported adjusted earnings of $841 million or
$6.23 per share for the period.
Analysts on average had expected the company to earn $6.13 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 10.1% to $77.22 billion from $70.16
billion last year.
McKesson Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $664 Mln. vs. $926 Mln. last year.
-EPS (Q2): $4.92 vs. $6.42 last year.
-Analyst Estimates: $6.13
-Revenue (Q2): $77.22 Bln vs. $70.16 Bln last year.
-Guidance:
Full year EPS guidance: $26.80 to $27.40
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