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Marsh & McLennan's (MMC) Q2 Earnings Miss, Revenue in Line
Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Miss
Marsh & McLennan came out with adjusted earnings of $1.10 per share, which missed the Zacks Consensus Estimate of $1.11.
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan Companies, Inc. Price and EPS Surprise | Marsh & McLennan Companies, Inc. Quote
Earnings Surprise History
Marsh & McLennan has a decent earnings surprise history. The company delivered positive surprises in all the four trailing quarters, with an average beat of 4.5%.
Revenue Was In Line With the Expectations
Marsh & McLennan posted revenues of $3.7 billion, which was in line with the Zacks Consensus Estimate. The same increased 7% year over year.
Key Q2 Statistics
Total operating expenses of $3 billion was up 9% year over year.
The company repurchased 3.1 million shares of its common stock for $250 million in the second quarter.
What Zacks Rank Says
Marsh & McLennan carries a Zacks Rank #4 (Sell). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Check back later for our full write up on this Marsh & McLennan earnings report !
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