WASHINGTON (dpa-AFX) - Marsh & McLennan Companies, Inc. (MMC) reported net income attributable to the company of $347 million or $0.63 per share, up from $325 million or $0.58 per share reported a year ago.
Income from continuing operations for the quarter grew to $354 million or $0.63 per share from $319 million or $0.56 per share in the first quarter of 2011.
Adjusted earnings per share for the quarter rose to $0.63 from $0.56 in the prior year.
Revenue for the quarter climbed to $3.05 billion from $2.88 billion in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share on revenues of $3.04 billion for the quarter. Analysts' estimates typically exclude special items.
Brian Duperreault, president and CEO, said, 'Our performance in the first quarter continues to build on the strong momentum achieved by the Company over the past two years. This performance reflects revenue growth from each of our operating companies, as well as continued strong growth in adjusted operating income across both our Risk and Insurance Services and Consulting segments.'
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