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Marsh & McLennan (MMC) Q4 Earnings & Revenues Beat Estimates

Marsh & McLennan Companies, Inc.MMC is a dominant player of the global insurance brokerage and consulting services sector. The company's rapid growth is mainly attributed to its aggressive mergers and acquisitions strategy aiding in expanded scale and size of its businesses across geographies, particularly in the Asia-Pacific, Africa and Latin America.

The ongoing economic recovery has been complementing well with the company's high-standard products and services, thereby supporting client retention. Marsh & McLennan's is always on foot when it comes to acquiring new businesses. Its strategic acquisitions and well-executed restructuring initiatives has generated new clients, triggering growth.

The company has been able to maintain its bottomline growth via its strong capital management. Its consistent cash flow generation have also facilitated effective capital deployment, reflected by share buybacks and dividend hikes.

Currently, Marsh & McLennan has a Zacks Rank #2 (Buy), but that could definitely change following its earnings report that has just been released. The key takeaways from this immediate announcement are highlighted below:

Earnings: Marsh & McLennan earnings beat our estimates. The company reported earnings per share of 71 cents, a penny ahead of our estimates of 70 cents.

Revenue: Revenues was also ahead of our estimate. Our consensus called for revenues of $3.24 billion, and the company reported revenues of $3.3 billion. The top-line also grew 2.8% year over year.

Key Stats to Note: Total operating expenses of $2.7 billion was up 1.3% year over year. Adjusted operating margin increased 60 basis points year over year to 17.6%.

Marsh & McLennan bought back 1.4 million shares for $75 million during the quarter.

Check back later for our full write up on this MMC earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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