McKesson Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. The company reported revenues for the third quarter ended December 31, 2016, were $50.1 billion, up 5% compared to $47.9 billion a year ago. Operating income was $831 million against $920 million a year ago. Income from continuing operations before income taxes was $780 million or $2.86 diluted per share against $846 million or $2.71 diluted per share a year ago. Net income attributable to McKesson Corporation was $633 million or $2.85 diluted per share against $634 million or $2.73 diluted per share a year ago.

For the nine-month period, the company reported revenues were $149,820 million against $144,206 million a year ago. Operating income was $2,383 million against $2,805 million a year ago. Income from continuing operations before income taxes was $2,217 million or $7.07 diluted per share against $2,581 million or $7.86 diluted per share a year ago. Net income attributable to McKesson Corporation was $1,482 million or $6.56 diluted per share against $1,827 million or $7.81 diluted per share a year ago. Net cash provided by operating activities was $3,309 million against $566 million a year ago. Property acquisitions were $246 million against $272 million a year ago.

McKesson expects GAAP earnings per diluted share between $9.80 to $10.30 for the fiscal year ending March 31, 2017. Amortization of acquisition-related intangible assets of $1.30 to $1.45 per diluted share. Excluding the second-quarter EIS goodwill impairment charge and an anticipated 2 cents to 4 cents in expected Cost Alignment Plan charges from adjusted Earnings, McKesson expects $12.60 to $12.90 per diluted share for the fiscal year ending March 31, 2017.