McKesson Corp. Reveals 19% Decline In Q4 Bottom Line

(RTTNews) - McKesson Corp. (MCK) reported a profit for fourth quarter that lost ground from last year.

The company said its earnings fell to $560 million, or $2.44 per share. This was lower than $693 million, or $2.94 per share, in last year's fourth quarter.

Analysts had expected the company to earn $3.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.9% to $46.68 billion. This was up from $44.93 billion last year.

McKesson Corp. earnings at a glance:

-Earnings (Q4): $560 Mln. vs. $693 Mln. last year. -Earnings Decline (Y-o-Y): -19.2% -EPS (Q4): $2.44 vs. $2.94 last year. -EPS Decline (Y-o-Y): -17.0% -Analysts Estimate: $3.14 -Revenue (Q4): $46.68 Bln vs. $44.93 Bln last year. -Revenue Change (Y-o-Y): 3.9%