LONDON (dpa-AFX) - Willis Towers Watson Public Limited Company (WTW), a financial services and brokerage firm, Thursday reported earnings in the third quarter compared to a loss for the same period last year. However, revenue remained unchanged.
The company reported earnings of $306 million or $3.11 per share compared with a loss of $1672 million or $16.44 per share of last year.
Adjusted Net Income increased 7 percent to $301 million or $3.07 per share from $282 million or $2.77 per share for the same period last year.
On average, analysts were expecting earnings of $3.05 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue stayed flat at $2.29 billion particularly due to the sale of TRANZACT, a direct-to-consumer insurance distribution business in the fourth quarter of 2024.
In pre-market activity, WTW shares are trading at $317.01, down 0.17% on the Nasdaq.
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