Marsh & McLennan Cos. (MMC) Tops Q2 EPS by 4c

July 29, 2014 7:14 AM EDT

Marsh & McLennan Cos. (NYSE: MMC) reported Q2 EPS of $0.79, $0.04 better than the analyst estimate of $0.75. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.24 billion.

President and CEO Dan Glaser said: "The Company delivered another quarter of excellent financial results. We produced revenue growth of 7% with underlying revenue growth of 5%. This was our strongest quarterly revenue performance in two years, with all operating companies contributing. Adjusted operating income grew 11%, with margin expansion of 60 basis points to 19.8%. For the six months of 2014, we achieved outstanding results, with 4% underlying revenue growth, an 11% increase in adjusted operating income and margin improvement of 100 basis points to 20.4%."

For earnings history and earnings-related data on Marsh & McLennan Cos. (MMC) click here.



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