Arthur J Gallagher & Co. (AJG) reported that its second-quarter net earnings were $71.7 million or $0.59 per share, compared to $41.7 million or $0.37 per share in the prior year quarter.
Adjusted net income was $57.0 million or $0.47 per share, up from $44.1 million or $0.39 per share in the comparable quarter last year. On average, seventeen analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter rose to $649.9 million from $546.1 million in the prior year quarter, while five analysts had consensus revenue estimate of $604.16 million for the quarter.
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