NEW YORK (AP) — NEW YORK (AP) — Marsh & McLennan Cos. (MMC) on Thursday reported third-quarter profit of $747 million.
The New York-based company said it had profit of $1.51 per share. Earnings, adjusted for non-recurring costs, came to $1.85 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.
The global professional services firm providing strategy, risk and people solutions posted revenue of $6.35 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $6.32 billion.
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