UPDATE: Marsh & McLennan Posts Rise In Q4 Profit

Marsh & McLennan Cos

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.