Marsh & McLennan Q1 Profit Beats Street - Quick Facts

(RTTNews) - Insurance brokerage Marsh & McLennan Companies Inc. (MMC) posted a rise in first-quarter 2014 net income attributable to the company to $443 million, or $0.80 per share, from $413 million, or $0.74 per share, in the prior-year period. Earnings per share from continuing operations were $0.72 last year.

During the recent quarter, adjusted earnings per share stood at $0.81, up 11% from $0.73 reported a year back. On average, 22 analysts polled by Thomson Reuters expected earnings per share of $0.80 for the quarter. Analysts' estimates typically exclude one-time items.

Three-month operating income advanced 11% year-on-year to $673 million, from $607 million, with adjusted operating income, excluding noteworthy items, also rising 11% to $682 million.

Quarterly consolidated revenue of $3.26 billion, was 4% higher both on a reported and underlying basis, compared with $3.13 billion in the first quarter of 2013. Fourteen analysts estimated revenues of $3.27 billion for the quarter.