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Marsh & McLennan: 4Q Earnings Snapshot

NEW YORK (AP) _ Marsh & McLennan Cos. (MMC) on Thursday reported fourth-quarter net income of $153 million.

On a per-share basis, the New York-based company said it had profit of 30 cents. Earnings, adjusted for one-time gains and costs, were $1.09 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The global professional services firm providing strategy, risk and people solutions posted revenue of $3.71 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.72 billion.

For the year, the company reported profit of $1.65 billion, or $3.23 per share. Revenue was reported as $14.95 billion.

Marsh & McLennan shares have risen 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 7 percent. The stock has risen slightly in the last 12 months.


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