Tiger Brokers

Marsh 3Q Revenue, Profit Rise on Sales Growth Across Segments

Dow Jones
Yesterday

Marsh & McLennan logged higher profit and sales in the third quarter, bolstered by sales growth across both its businesses.

The professional-services company, which now does business as Marsh, posted a profit of $808 million, or $1.69 a share, compared with $747 million, or $1.51 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $2.03, ahead of the $1.97 anticipated by analysts, according to FactSet.

Revenue rose 8% to $6.86 billion. Analysts surveyed by FactSet had forecast revenue of $6.64 billion.

Sales within Marsh's risk and insurance services business rose 7% to $4.2 billion. Sales in its consulting segment climbed 9% to $2.7 billion.

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