logo
  Join        Login             Stock Quote

Marsh & McLennan (MMC) 4Q Earnings Rise 8.4 Pct, In Line With Estimates

 February 12, 2013 09:23 AM
 


(By Balaseshan) Marsh & McLennan Companies Inc. (NYSE: MMC) reported a 8.4% rise in quarterly earnings on higher revenue. Revenue missed, while adjusted earnings came in line with Street's expectations.

Earnings from continuing operations for the fourth quarter were $265 million or $0.47 per share, compared to $244 million or $0.44 per share last year. Adjusted earnings per share (EPS) rose to $0.52 from $0.46.

Revenue in the fourth quarter was $3.00 billion, an increase of 3% on both a reported and underlying basis from the previous year.

Analysts, on average, polled by Thomson Reuters had expected a profit of $0.52 per share on revenue of $3.01 billion for the fourth quarter.

[Related -Dividend Roundup: MMC, SLG, WDR, SPRD, SCHL, GSBC]

Risk and Insurance Services segment revenue was $1.6 billion, an increase of 3%, or 2% on an underlying basis. Consulting segment revenue was $1.4 billion, an increase of 3% on both a reported and underlying basis.

Total Marsh revenue rose 4% to $1.42 billion, while total Mercer revenue increased 7%.

At the end of 2012, cash and cash equivalents was $2.3 billion, compared with $2.1 billion at the end of 2011. Net debt, which is total debt less cash and cash equivalents, was $617 million, compared with $815 million at the end of 2011.

MMC closed Monday's regular session at $36.35. The stock has been trading between $30.74 and $36.93 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageRussell 2000 Showing Relative Weakness at the New Highs

A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the read on...

article imageThe Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times read on...

article imageMacroprudential Policy And Distribution Of Risk

There is very little doubt that housing prices and leverage played a strong role in the global financial read on...

article imageIs the World Turning Japanese?

Many really think so, but reality suggests read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.