McKesson: Fiscal Q2 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — McKesson Corp. (MCK) on Wednesday reported fiscal second-quarter net income of $1.22 billion.

On a per-share basis, the Irving, Texas-based company said it had profit of $10.44. Earnings, adjusted for one-time gains and costs, were $11.68 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $10.69 per share.

The prescription drug distributor posted revenue of $110.96 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $110.11 billion.

McKesson expects full-year earnings in the range of $45.60 to $46.40 per share.

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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