Aon Corp Reveals 6% Decline In Q1 Earnings

(RTTNews) - Aon Corp (AON) reported earnings for first quarter that declined from last year.

The company said its bottom line came in at $370 million, or $1.35 per share. This was down from $392 million, or $1.37 per share, in last year's first quarter.

Analysts had expected the company to earn $1.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $2.79 billion. This was down from $2.85 billion last year.

Aon Corp earnings at a glance:

-Earnings (Q1): $370 Mln. vs. $392 Mln. last year. -Earnings Decline (Y-o-Y): -5.6% -EPS (Q1): $1.35 vs. $1.37 last year. -EPS Decline (Y-o-Y): -1.5% -Analysts Estimate: $1.33 -Revenue (Q1): $2.79 Bln vs. $2.85 Bln last year. -Revenue Change (Y-o-Y): -2.1%