Investing.com - Marsh McLennan (NYSE:MMC) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.77 on revenue of $3.97B. Analysts polled by Investing.com forecast EPS of $0.7 on revenue of $4B. That compared to EPS of $0.78 on revenue of $3.5B in the same period a year earlier. The company had reported EPS of $1.18 on revenue of $4.35B in the previous quarter.
For the year, Marsh McLennan shares are up 22.72%, broadly in line with the S&P 500 which is up 22.71% year to date.
Marsh McLennan follows other major Financial sector earnings this month
On Tuesday, October 15, 2019, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.47B.
Bank of America earnings beat analyst's expectations on Wednesday, October 16, 2019, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.54 on revenue of $22.58B
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