Aon: Q1 Earnings Snapshot
DUBLIN (AP) — DUBLIN (AP) — Aon PLC (AON) on Friday reported first-quarter profit of $965 million.
On a per-share basis, the Dublin-based company said it had net income of $4.43. Earnings, adjusted for non-recurring costs, were $5.67 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $6.04 per share.
The insurance brokerage posted revenue of $4.73 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $4.86 billion.
Aon shares have risen almost 2% since the beginning of the year, while the S&P's 500 index has dropped almost 7%. The stock has risen 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AON at https://www.zacks.com/ap/AON