Marsh & McLennan Stock Slips After Its Sales, Earnings Miss Estimates

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%.