NEW YORK (AP) — Marsh & McLennan Cos. Inc. reported Tuesday that its revenue and profit for the fourth quarter met market expectations for the consulting and professional services firm.
Net income was $259 million, or 47 cents per share, for the quarter that ended Dec. 31. That compares with $256 million, or 46 cents per share, in the same quarter a year ago. The company earned 52 cents per share on an adjusted basis in the most recent quarter, excluding one-time items.
Total revenue rose by 3 percent to $3 billion on gains in its consulting and risk and insurance businesses.
Recommended For You
Both adjusted earnings and revenue matched Wall Street estimates, according to FactSet.
Shares fell 78 cents to $35.57 in afternoon trading. The stock is up about 10 percent since this time last year.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
