Marsh & McLennan 1Q 2022 Profits Beat Expectations

Marsh & McLennan Cos. (MMC) on Thursday reported first-quarter profit of $1.07 billion.

Source: AP | Published on April 21, 2022

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On a per-share basis, the New York-based company said it had net income of $2.10. Earnings, adjusted for non-recurring costs, came to $2.30 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The global professional services firm providing strategy, risk and people solutions posted revenue of $5.55 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.51 billion.