Willis Group (WSH) Misses Q1 EPS by 13c
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Willis Group Reports First Quarter 2015 Results
April 28, 2015 4:15 PM EDTUnderlying commissions and fees grew 5.8%; underlying expenses grew 5.6%; positive spread of 20 basis points achieved Underlying net income of $230 million, or $1.26 per diluted share up 4.1%, from prior year period (rebased for current period exchange rates) Organic commissions and fees grew 3.4%; organic expenses grew 1.7%; positive spread of 170 basis points achieved Reported commissions and fees declined 0.9%, reported expenses grew 3.0% Reported net income of $210 million, or $1.15 per diluted share, negatively impacted by foreign currency movements ($0.15 per share) and restructuring charges ($0.12 per share)... More
