Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 479433
John Hitch  |  by www.tradingmarkets.com. All rights reserved. 6.11 | 20:41

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(RTTNews) - McKesson Corp. ( | | | ) reported that revenues for the second quarter were $22.4 billion, an increase of 5% from $21.

3 billion in the second quarter a year ago. Eleven Wall Street analysts' consensus revenue estimate came in at $23.11 billion.

Second quarter net income was $229 million, up 37% from $167 million a year ago. Diluted earnings per share was $0.75, up 42% from $0.

53 a year ago. Second quarter income from continuing operations was $200 million, up 32% from $152 million a year ago, excluding items. Diluted earnings per share from continuing operations was $0.

66, up 38% from $0.48 a year ago, excluding adjustments to Securities Litigation reserves. On average, 17 analysts polled by First Call/Thomson Financial expected earnings of $0.

58 per share. For the fiscal 2007, McKesson expects to earn between $2.65 and $2.

75 per fully diluted share from continuing operations excluding adjustments to our Securities Litigation reserves. Analysts expect earnings of $2.69 per share.

Earlier, on the same basis, the company expected earnings from continuing operations for the full year to range between $2.55 and $2.70 per share.

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Keywords: Securities Litigation
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