Marsh & McLennan Q2 Profit Rises, Tops Estimates - Quick Facts

(RTTNews) - Marsh & McLennan Companies Inc.'s (MMC) net income attributable to the company for the second-quarter of 2013 was $388 million, or $0.69 per share, up from $329 million, or $0.59 per share, in the prior year.

Adjusted earnings per share for the quarter grew 18% to $0.72, from $0.61 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share for the quarter. Analysts' estimates typically exclude special items.

Operating income rose 12% to $577 million, compared with $518 million in the prior year period. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 13% in the second quarter to $591 million.

Consolidated revenue in the second quarter of 2013 was $3.1 billion, an increase of 2%, or 3% on an underlying basis compared with the second quarter of 2012. Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of certain items, such as acquisitions, dispositions, and transfers among businesses. Seventeen analysts had consensus revenue estimate of $3.14 billion for the quarter.