Marsh & McLennan: Q4 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Marsh & McLennan Cos. (MMC) on Thursday reported fourth-quarter earnings of $756 million.
On a per-share basis, the New York-based company said it had net income of $1.52. Earnings, adjusted for non-recurring costs, came to $1.68 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The global professional services firm providing strategy, risk and people solutions posted revenue of $5.55 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $5.52 billion.
For the year, the company reported profit of $3.76 billion, or $7.53 per share. Revenue was reported as $22.74 billion.
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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
