Marsh&McLennan 1Q profit fell 70%

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Wednesday May 04, 06:53

Marsh&McLennan 1Q profit fell 70%

(by Mark Riley)

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Marsh & McLennan reported on Tuesday that its first-quarter profit fell 70%.

Profit tumbled to $134 million, or 25 cents per share, from $446 million, or 83 cents per share, last year. Excluding items, profit fell to 52 cents per share from 96 cents. Analysts were expecting 49 cents a share.

Revenue fell 0.4% to $3.18 billion.

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