MMC Marsh and McLennan Companies Inc

   By Brittney Laryea 
 

Marsh & McLennan Cos. said its second-quarter profit rose, helped by revenue gains abroad and in North America.

Marsh & McLennan--the professional-services firm that is the parent of a number of companies, including the insurance-brokerage Marsh and consulting firm Mercer--said it posted $1.54 billion in revenue for its consulting business during the quarter, up 4% from last year, and reflecting a 3% rise in revenue for Mercer to $1.08 billion.

The company's risk-and-insurance-services arm posted a revenue increase of 6% to $1.85 billion. Marsh's revenue grew 6% in the quarter to $1.56 billion, helped by revenue growth in international operations.

Revenue in its Europe, Middle East and Africa segment jumped to $479 million from $439 million, while U.S. and Canada revenue rose to $804 million from $760 million.

For the quarter ended June 30, Marsh & McLennan posted income of $472 million or 90 cents per share, up from last year's $419 million, or 77 cents a share. On an adjusted basis, earnings were 91 cents a share, up from 80 cents.

Revenue rose 5% to $3.38 billion.

Analysts polled by Thomson Reuters had expected 90 cents in per-share earnings, on revenue of $3.37 billion.

Shares were recently down 0.4% at $66.22 in afternoon trading.

Write to Brittney Laryea at brittney.laryea@wsj.com

(END) Dow Jones Newswires

July 28, 2016 12:57 ET (16:57 GMT)

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