Marsh 3Q Net Profit Misses Views as Revenue Comes In Flat on Year
29 10월 2020 - 9:20PM
Dow Jones News
By Dieter Holger
Marsh & McLennan Cos.'s profit missed Wall Street's
expectations in the latest quarter after it reported revenue was
flat compared with a year earlier.
The New York-based advisory said Thursday that net profit was
$316 million, or 62 cents a share, in the third quarter. A year
earlier, profit was $303 million, or 59 cents a share.
Analysts polled by FactSet had expected earnings of 73 cents per
share.
Revenue was $3.97 billion in the quarter, flat on the year.
Analysts had expected $3.83 billion.
Marsh said revenue from its risk-and-insurance business grew 4%
to $2.3 billion, while consulting revenue fell 5% to $1.7
billion.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
October 29, 2020 08:05 ET (12:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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