DUBLIN (AP) — DUBLIN (AP) — Aon PLC (AON) on Friday reported third-quarter net income of $458 million.
The Dublin-based company said it had profit of $2.11 per share. Earnings, adjusted for non-recurring costs, were $3.05 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The insurance brokerage posted revenue of $4 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $3.94 billion.
Aon shares have declined almost 9% since the beginning of the year, while the S&P’s 500 index has increased 16%. The stock has decreased 11% in the last 12 months.
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