Marsh & McLennan Reports Earnings Beat in Q4
NEW YORK -- Marsh & McLennan Cos. (MMC) reported a fourth-quarter net income of $788 million, outperforming Wall Street expectations.
On a per-share basis, the New York-based firm earned $1.59, with adjusted earnings reaching $1.87 per share. Analysts surveyed by Zacks Investment Research had forecast earnings of $1.75 per share.
Revenue for the quarter totaled $6.07 billion, also exceeding analyst estimates of $5.92 billion.
For the full year, Marsh & McLennan reported a profit of $4.06 billion ($8.18 per share) on revenue of $24.46 billion.
The global professional services firm provides solutions in strategy, risk, and people management.