Marsh & McLennan Companies Inc (MMC) released a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $466 million, or $0.93 per share. This compares with $803 million, or $1.57 per share, in last year's fourth quarter.
Excluding items, Marsh & McLennan Companies Inc reported adjusted earnings of $735 million or $1.47 per share for the period.
Analysts on average had expected the company to earn $1.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.2% to $5.022 billion from $5.137 billion last year.
Marsh & McLennan Companies Inc earnings at a glance (GAAP) :
-Earnings (Q4): $466 Mln. vs. $803 Mln. last year.
-EPS (Q4): $0.93 vs. $1.57 last year.
-Analyst Estimates: $1.41
-Revenue (Q4): $5.022 Bln vs. $5.137 Bln last year.
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