Marsh & McLennan: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Marsh & McLennan Cos. (MMC) on Thursday reported first-quarter earnings of $1.4 billion.
On a per-share basis, the New York-based company said it had net income of $2.82. Earnings, adjusted for non-recurring costs, came to $2.89 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The global professional services firm providing strategy, risk and people solutions posted revenue of $6.47 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $6.38 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMC at https://www.zacks.com/ap/MMC