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Marsh & McLennan's (MMC) Q3 Earnings, Revenue Beat Estimates
Have you been eager to see how Marsh & McLennan Companies, Inc. (MMC - Free Report) performed in Q3 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 Beat
Marsh & McLennan came out with adjusted earnings of 78 cents per share, beating the Zacks Consensus Estimate of 75 cents.
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 4.27%.
Revenue Beats Expectations
Marsh & McLennan posted revenues of $3.5 billion, beating the Zacks Consensus Estimate by 3%. The same increased 5% year over year.
Key Q2 Statistics
Total operating expenses of $2.9 billion was up 4.6% year over year.
The company bought back 2.1 million shares of its common stock for $175 million in the third 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 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Marsh & McLennan earnings report!
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