Marsh & McLennan Stock Slips After Its Sales, Earnings Miss…...

GHI-Plexi Images / UCG / Universal Images Group via Getty Images' title='A Marsh McLennan sign outside the company's offices in New York City.'>

GHI-Plexi Images / UCG / Universal Images Group via Getty Images

Key TakeawaysMarsh McLennan reported second-quarter earnings and sales below Wall Street's estimates.Revenue grew in both the company's insurance and consulting divisions.The company's shares fell Thursday, but remain up some 15% this year.
Marsh & McLennan Cos, (MMC) reported second-quarter sales and earnings that missed Wall Street's estimates before the opening bell Thursday, sending the professional services firm's shares lower.The company posted earnings per share (EPS) of $2.27 on revenue of $6.2 billion, compared to analysts’ expectations of $2.36 per share on revenue of $6.3 billion, according to Visible Alpha.Marsh & McLennan’s risk and insurance services arm brought in quarterly revenue of $4 billion, up 8% year-over-year, while consulting revenue improved 2% to $2.2 billion. "We continued to invest in our talent and capabilities to deliver for clients,” CEO John Doyle said in a statement, citing "high quality acquisitions" and a recent dividend increase. “Our first half results leave us well positioned for another great year in 2024." Marsh & McLennan stock slid nearly 1% in Thursday trading. Year-to-date, the company’s share price is up more than 15%. Read the original article on Investopedia.

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Marsh & McLennan Stock Slips After Its Sales, Earnings Miss Estimates

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