Marsh McLennan down after Q2 revenue misses estimates

Marsh & McLennan Companies

18/07/2024 14:20

** Shares of insurance brokerage firm Marsh McLennan  MMC.N 
 down 2.5% to $215.20 premarket 
    ** MMC posts a near 6% rise in total Q2 revenue, but misses
analysts' estimates
    ** Total consulting revenue at $2.22 bln vs estimates of
$2.30 bln - LSEG data
    ** Posts total revenue of $6.22 bln vs analysts' estimates
of $6.31 bln 
    ** On an adjusted basis, profit at $1.19 billion, or $2.41
per share, compared with $1.10 billion, or $2.20 per share, a
year earlier
    ** As of last close, MMC up ~16% YTD 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))