LONDON (dpa-AFX) - Willis Towers Watson Public Limited Company (WTW), an advisory, broking and solutions company, Thursday reported net income of $141 million or $1.36 per share for the second quarter, higher than 94 million or $0.88 per share in the same quarter a year ago. Earnings beat the Street expectations. The company also raised its full-year profit outlook.
Excluding one-time items, earnings were $263 million or $2.55 per share, that beat the average estimate of 17 analysts of $2.33 per share. Analysts' estimates typically exclude special items.
Income from operations increased to $212 million from $142 million last year. Adjusted income from operations was $385 million.
Revenue for the quarter grew to $2.265 billion from $2.159 billion in the previous year. The consensus estimate was for $2.27 billion.
Looking ahead, the company has raised its adjusted EPS outlook to $16.00-$17.00 from $15.40-$17.00 guided earlier.
The company continues to expect full-year revenue to be more than $9.9 billion.
Analysts expect the company to report earnings of $16.27 per share on revenue of $9.96 billion for the year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
