By Colin Kellaher

Marsh & McLennan Cos. (MMC) on Thursday reported first-quarter profits that topped expectations, but revenue fell shy of forecasts.

The New York professional-services firm reported net income of $716 million, or $1.40 a share, for the quarter, up from $690 million, or $1.34 a share, a year earlier.

Excluding items, Marsh & McLennan reported an adjusted profit of $1.52 a share, up from $1.38 a share a year earlier and topping the $1.45 a share analysts polled by FactSet were expecting.

Revenue rose 2% to $4.07 billion, shy of the $4.19 billion Wall Street was expecting.

Marsh & McLennan, which earlier this month completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group, said it is "well positioned to deliver solid results in 2019."

Shares of Marsh & McLennan slipped less than 1% in early trading Thursday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

April 25, 2019 10:34 ET (14:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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