4 months ago
Key Takeaways
- Marsh McLennan reported second-quarter net and income beneath Wall Street's estimates.
- Revenue grew successful some nan company's security and consulting divisions.
- The company's shares fell Thursday, but stay up immoderate 15% this year.
Marsh & McLennan Cos, (MMC) reported second-quarter income and net that missed Wall Street's estimates earlier nan opening doorbell Thursday, sending nan master services firm's shares lower.
The institution posted earnings per stock (EPS) of $2.27 connected gross of $6.2 billion, compared to analysts’ expectations of $2.36 per stock connected gross of $6.3 billion, according to Visible Alpha.
Marsh & McLennan’s consequence and security services limb brought successful quarterly gross of $4 billion, up 8% year-over-year, while consulting gross improved 2% to $2.2 billion.
"We continued to put successful our talent and capabilities to present for clients,” CEO John Doyle said successful a statement, citing "high value acquisitions" and a caller dividend increase. “Our first half results time off america good positioned for different awesome twelvemonth successful 2024."
Marsh & McLennan banal slid astir 1% successful Thursday trading. Year-to-date, nan company’s stock value is up much than 15%.
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