McKesson Corp. Q1 Income Climbs 8%

(RTTNews) - McKesson Corp. (MCK) announced a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line totaled $797 million, or $3.50 per share. This was up from $737 million, or $3.14 per share, in last year's first quarter.

Analysts had expected the company to earn $3.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.6% to $49.73 billion. This was up from $47.55 billion last year.

McKesson Corp. earnings at a glance:

-Earnings (Q1): $797 Mln. vs. $737 Mln. last year. -Earnings Growth (Y-o-Y): 8.1% -EPS (Q1): $3.50 vs. $3.14 last year. -EPS Growth (Y-o-Y): 11.5% -Analysts Estimate: $3.33 -Revenue (Q1): $49.73 Bln vs. $47.55 Bln last year. -Revenue Change (Y-o-Y): 4.6%

-Guidance: Full year EPS guidance: $13.43 to $13.93