Marsh & McLennan's (MMC) Q4 Earnings Top Estimates, Rise Y/Y
Zacks Investment Research | Jan 29, 2020 11:08PM ET
Marsh & McLennan Companies, Inc. (NYSE:MMC) delivered fourth-quarter 2019 adjusted earnings per share of $1.19, surpassing the Zacks Consensus Estimate by 0.8% on the back of solid revenues. Moreover, the same increased 9.2% year over year.
Marsh & McLennan’s consolidated revenues of $4.3 billion were up 3% on an underlying basis. This upside is majorly attributable to the Risk and Insurances Services plus Consulting Segments. However, the top line missed the Zacks Consensus Estimate by 1.8%.
Total operating expenses of $3.7 billion in the fourth quarter were up 18.8% year over year due to higher compensation and benefits as well as other operating expenses.
Marsh & McLennan Companies, Inc. Price, Consensus and EPS Surprise
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