Willis Towers Watson (WLTW) Misses Q2 EPS by 6c, Miss on Revenues; Lowers FY17 EPS Outlook

Willis Towers Watson (NASDAQ: WLTW) reported Q2 EPS of $1.45, $0.06 worse than the analyst estimate of $1.51. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.96 billion.

Outlook for 2017

For 2017, the Company expects current constant currency revenue growth of 2% to 3% and Adjusted Diluted Earnings per Share in the range of $8.36 to $8.51. The updated adjusted Earnings per Share range reflects a $0.04 decline from the previous guidance due to the divestiture of the Global Wealth Solutions business.

GUIDANCE:

Willis Towers Watson sees FY2017 EPS of $8.36-$8.51, versus the consensus of $8.51.

Highlights

• Q2 2017 Commissions and Fees increased 2%
• First half 2017 Commissions and Fees increased 3%
• First half 2017 Diluted Earnings per Share increased 22%
• First half 2017 Adjusted Diluted Earnings per Share increased 3%

For earnings history and earnings-related data on Willis Towers Watson (WLTW) click here.

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