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27.01.2022 13:22:56
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Marsh & McLennan Companies Inc Q4 Profit Increases, beats estimates
(RTTNews) - Marsh & McLennan Companies Inc (MMC) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $803 million, or $1.57 per share. This compares with $374 million, or $0.73 per share, in last year's fourth quarter.
Excluding items, Marsh & McLennan Companies Inc reported adjusted earnings of $693 million or $1.36 per share for the period.
Analysts on average had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.3% to $5.14 billion from $4.42 billion last year.
Marsh & McLennan Companies Inc earnings at a glance (GAAP) :
-Earnings (Q4): $803 Mln. vs. $374 Mln. last year. -EPS (Q4): $1.57 vs. $0.73 last year. -Analyst Estimate: $1.34 -Revenue (Q4): $5.14 Bln vs. $4.42 Bln last year.
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