WASHINGTON (dpa-AFX) - Marsh & McLennan Companies Inc (MMC) released a profit for second quarter that dropped from last year.
The company's profit totaled $332 million, or $0.65 per share. This compares with $531 million, or $1.04 per share, in last year's second quarter.
Excluding items, Marsh & McLennan Companies Inc reported adjusted earnings of $602 million or $1.18 per share for the period.
Analysts had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.6% to $4.35 billion from $3.73 billion last year.
Marsh & McLennan Companies Inc earnings at a glance:
-Earnings (Q2): $602 Mln. vs. $562 Mln. last year. -EPS (Q2): $1.18 vs. $1.10 last year. -Analysts Estimate: $1.13 -Revenue (Q2): $4.35 Bln vs. $3.73 Bln last year.
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