Marsh & McLennan Q2 Results Rise, Beat Estimates - Quick Facts

(RTTNews) - Professional services firm Marsh & McLennan Companies (MMC) reported Tuesday that its second-quarter net income attributable to the Company increased to $431 million or $0.77 per share from $388 million or $0.69 per share in the prior year.

Adjusted earnings per share, which excluded items, increased 10 percent to $0.79 from last year's second quarter of $0.72. On average, 22 analysts polled by Thomson Reuters expected earnings of $0.75 per share. Analysts' estimates typically exclude special items.

Consolidated revenue was $3.3 billion, an increase of 7 percent from last year's $3.09 billion. Revenues grew 5 percent on an underlying basis. Analysts expected revenues of $3.24 billion.

"This was our strongest quarterly revenue performance in two years, with all operating companies contributing", President and CEO Dan Glaser said.

Adjusted operating income grew 11 percent, with margin expansion of 60 basis points to 19.8 percent.