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Aon 3Q earnings up, beats Wall Street's view

The Associated Press

NEWS: Insurance brokerage Aon PLC said Friday that its net income rose 26 percent in the third quarter as revenue improved at its risk and its human resources businesses.

DETAILS: Revenue for the risk solutions unit climbed 2 percent on growth in commissions and fees. At the HR solutions division, revenue edged up 1 percent on an increase in commissions and fees due to acquisitions, excluding divestitures.

NUMBERS: The London company earned $256 million, or 82 cents per share, for the three months ended Sept. 30. That's up from $204 million, or 62 cents per share, in the prior-year period.

Earnings from continuing operations were 82 cents per share. Stripping out certain items, earnings from continuing operations were $1.13 per share.

Revenue for the London company rose 2 percent to $2.79 billion from $2.74 billion.

Analysts, on average, predicted earnings of $1.04 per share on revenue of $2.83 billion, according to a FactSet survey.

STOCK: Aon's shares closed at $75.58 on Thursday. The stock is up 36 percent for the year to date.