McKesson Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017
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.