Marsh & McLennan (MMC) Q1 Earnings Beat on Strong EMEA Unit [Yahoo! Finance]
Marsh & McLennan Companies, Inc. (MMC)
Last marsh & mclennan companies, inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Its shares gained 2.7% in the pre-market trading session to reflect the outperformance. Consolidated revenues of $6.5 billion advanced 9% year over year in the quarter under review. The figure also rose 9% on an underlying basis. Also, the top line beat the consensus mark by 1.5%. The quarterly results were aided by strong performances of the Risk and Insurance Services, and Consulting segments. While an expanding international business aided the Risk and Insurance Services unit, an increase in Wealth and Health revenues benefited the Consulting unit's performance. However, the upside was partly offset by elevated operating costs. Total operating expenses escalated 8.3% year over year to $4.5 billion in the first quarter, which matched our estimate. The year-over-year increase was due to higher compensation and benefits costs. The Risk and Insurance Services segment's expenses rose 7.8% year over year, whereas the Consulting segment witnessed a 10% year-over-year increase. MMC
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News
- Citadel Credit Union Appoints New Members to its Board of Directors and Supervisory Committee [Yahoo! Finance]Yahoo! Finance
- Vontobel Strengthens US Distribution Team With Two New Hires [Yahoo! Finance]Yahoo! Finance
- Marsh & McLennan: Scale Advantage And Macro Uncertainty Support Growth Story [Seeking Alpha]Seeking Alpha
- Marsh McLennan’s Mercer Announces Successful Fundraising for Private Investment Partners (PIP) VII, Closing With Nearly $4 Billion in CommitmentsBusiness Wire
- Marsh McLennan Agency to acquire Fisher Brown Bottrell Insurance, Inc.Business Wire
MMC
Earnings
- 4/18/24 - Beat
MMC
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- MMC's page on the SEC website