FX.co ★ Marsh & McLennan Companies Inc Q3 Profit Increases, Beats Estimates

Marsh & McLennan Companies Inc (MMC) has reported an increase in its third-quarter profits compared to the previous year, surpassing expectations set by analysts. The company's net income for the period reached $747 million, translating to $1.51 per share, compared to $730 million, or $1.47 per share, during the same quarter last year. Excluding certain items, the adjusted earnings amounted to $810 million, or $1.63 per share. Analysts, as per Thomson Reuters' data, had anticipated earnings of $1.61 per share, typically excluding any special items.

Additionally, the firm's quarterly revenue experienced a 5.9% growth, climbing to $5.697 billion, up from $5.382 billion in the previous year.

A summary of Marsh & McLennan's key financial indicators for the third quarter (GAAP) are as follows:

- Net Earnings: $747 million, up from $730 million last year.

- Earnings Per Share (EPS): $1.51, compared to $1.47 last year.

- Revenue: $5.697 billion, an increase from $5.382 billion last year.