ROLLING MEADOWS, Ill. (AP) _ Arthur J. Gallagher & Co. (AJG) on Thursday reported third-quarter profit of $126.1 million.
The Rolling Meadows, Illinois-based company said it had net income of 66 cents per share. Earnings, adjusted for non-recurring costs, were 80 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The insurance and risk-management company posted revenue of $1.83 billion in the period. Its adjusted revenue was $1.79 billion.
Arthur J. Gallagher shares have climbed 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $91.21, a climb of 28% in the last 12 months.