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AON Corp. (AON) Tops Q3 EPS by 9c, Revenues Miss

October 26, 2018 6:04 AM

AON Corp. (NYSE: AON) reported Q3 EPS of $1.31, $0.09 better than the analyst estimate of $1.22. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.39 billion.

"In the third quarter, we delivered positive performance across each of our key financial metrics; highlighted by strong organic revenue growth of 6% overall, with four of our five revenue lines delivering organic revenue growth of 5% or greater, and 18% operating income growth, of which 9% was driven by core operational improvement. Results year-to-date reflect accelerating revenue growth and continued momentum toward achieving our near-term target of exceeding $7.97 adjusted earnings per share for the full year 2018," said Greg Case, Chief Executive Officer. "While we are increasing our long-term growth profile through significant investments in client-facing colleagues and capabilities that deliver Aon United, we are also driving substantial free cash flow generation that is expected to enable tremendous capital allocation opportunities and unlock significant shareholder value creation over the long-term."

For earnings history and earnings-related data on AON Corp. (AON) click here.

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