McKesson Reports Q3 Earnings, Misses Expectations

McKesson Corp. (MCK) reported third-quarter fiscal earnings of $879 million, translating to $6.95 per share. Excluding one-time items, adjusted earnings reached $8.03 per share, falling short of analysts' estimates of $8.04 per share.

Revenue for the period amounted to $95.29 billion, also below the $95.46 billion anticipated by analysts.

For the full year, McKesson projects earnings in the range of $32.55 to $32.95 per share.