DUBLIN (AP) — DUBLIN (AP) — Aon PLC (AON) on Friday reported fourth-quarter net income of $1.69 billion.
On a per-share basis, the Dublin-based company said it had net income of $7.82. Earnings, adjusted for non-recurring gains, were $4.85 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.76 per share.
The insurance brokerage posted revenue of $4.3 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $4.38 billion.
For the year, the company reported profit of $3.7 billion, or $17.02 per share. Revenue was reported as $17.18 billion.
Aon shares have dropped almost 3% since the beginning of the year, while the S&P’s 500 index has increased almost 2%. The stock has declined 6.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AON at https://www.zacks.com/ap/AON
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