UPDATE: Marsh & McLennan Posts Rise In Q4 Profit
Marsh & McLennan Cos (NYSE: MMC) reported a rise in its fourth-quarter earnings.
Marsh & McLennan's quarterly profit fell to $259 million, or $0.47 per share, versus $256 million, or $0.46 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $0.52 per share.
Its revenue rose 3.2% to $3 billion. However, analysts were expecting earnings of $0.52 per share on revenue of $3.01 billion.
Its operating margin was 13.5%.
Marsh & McLennan shares closed at $36.35 yesterday.
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