Marsh McLennan beats by $0.10, beats on revs (73.42)
- Reports Q1 (Mar) earnings of $1.08 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.98; revenues rose 5.0% year/year to $3.5 bln vs the $3.46 bln Capital IQ Consensus.
- Dan Glaser, President and CEO, said: "We are pleased with our performance in the first quarter. Marsh & McLennan Companies had underlying revenue growth across all of our operating companies, with growth of 5% in Risk & Insurance Services and 3% in Consulting. We delivered strong operating income growth with solid margin expansion."
- "With a strong start to the year, we believe the Company is well positioned to deliver underlying revenue growth, margin expansion in both operating segments and strong earnings per share growth in 2017," concluded Mr. Glaser.