FX.co ★ McKesson Corp. Q4 Profit Increases, but misses estimates

McKesson Corp. reported an increase in profits for its fourth quarter compared to the same period last year. However, its earnings did not meet analysts' predictions.

The corporation reported a net profit of $791 million, or $6.02 per share, an increase compared to the fourth quarter of the previous year which saw $787 million, or $5.71 per share.

When excluding particular items, the adjusted earnings of McKesson Corp., for this period were recorded at $813 million or $6.18 per share.

On average, analysts had anticipated the company's earnings to reach $6.34 per share, according to data compiled by Thomson Reuters. The analysts' predictions typically exclude any special items.

The quarterly revenue of McKesson Corp. saw an increase of 10.8%, rising to $76.36 billion from $68.91 billion the previous year.

Here is a brief look at McKesson Corp.'s earnings for this period, according to General Accepted Accounting Principles (GAAP):

- For the fourth quarter, earnings were $791 million, compared to $787 million the previous year.

- Earnings per Share (EPS) for the fourth quarter were $6.02, compared to $5.71 the previous year.

- Revenue for the fourth quarter was $76.36 billion, compared to $68.91 billion the previous year.