BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Marsh & McLennan (MMC) moves higher despite a 62% profit drop]]>http://www.bloggingstocks.com/2008/02/12/marsh-and-mclennan-mmc-moves-higher-despite-a-62-profit-drop/http://www.bloggingstocks.com/2008/02/12/marsh-and-mclennan-mmc-moves-higher-despite-a-62-profit-drop/http://www.bloggingstocks.com/2008/02/12/marsh-and-mclennan-mmc-moves-higher-despite-a-62-profit-drop/#commentsFiled under: , , ,

Shares of insurance broker Marsh & McLennan Inc. (NYSE: MMC) are trading slightly higher this morning, despite missing earnings estimates and posting a 62% decline in its fourth-quarter profit.

The company said its profit dropped to $85 million, or 16 cents per share during the fourth quarter, hurt by weak earnings results from its risk and insurance services business. These numbers are down from $226 million, or 40 cents per share, in the same period a year ago.

Included in the company's earnings numbers were discontinued operations and one-time costs. Excluding that, Marsh & McLennan posted earnings of 26 cents a share. Analysts, on average, expected the company to show earnings of 31 cents per share, according to Thomson Financial.

Continue reading Marsh & McLennan (MMC) moves higher despite a 62% profit drop

Marsh & McLennan (MMC) moves higher despite a 62% profit drop originally appeared on BloggingStocks on Tue, 12 Feb 2008 10:23:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Brian DuperreaultBrianDuperreaultinthenewsMarsh and McLennanMarshAndMclennanMichael CherkaskyMichaelCherkaskymmcTue, 12 Feb 2008 10:23:00 EST