Marsh & McLennan Falls Short in Q1 – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/19901/Marsh+%26+McLennan+Falls+Short+in+Q1+-+Zacks+Tale+of+the+TapePosted on Wednesday, May 6th, 2009 | In Market Commentary, Stocks to Watch
Marsh & McLennan Cos. Inc. (MMC) announced first-quarter adjusted earnings of 40 cents per share, which missed the consensus by 3 cents.
Earnings for the quarter came in a penny shy of last year’s profit of 41 cents per share.
However, Marsh & McLennan’s share price is up over 6% today.
The company’s risk and insurance services, consulting and risk consulting and technology businesses saw revenue declines during the quarter, as total sales declined 13% from last year to $2.63 billion.
The consensus for the current year has dropped to $1.56 from $1.59 over the past month, reflecting downward revisions by 3 of 15 covering analysts.
The Zacks #4 Rank (”Sell”) is currently moving on low volume of 4.8 million shares, against the daily average of 6 million.
“MMC” Free Stock Analysis: Buy? Sell? Hold?
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