Aon Slightly Misses Estimates -- Earnings Review
February 02 2018 - 7:44AM
Dow Jones News
By Allison Prang
Aon PLC (AON) reported earnings for its fourth quarter before
the market opened on Friday. Here's what you need to know.
EARNINGS: The company posted a loss of $19 million, or 7 cents a
share, compared with a profit of $452 million, or $1.68 a share,
for the same quarter a year ago. Aon reported an adjusted profit of
$594 million, or $2.34 a share, down 6.8% from the $637 million, or
$2.37 a share, a year earlier. The company's adjusted profit
slightly missed estimates from analysts polled by Thomson Reuters
who were expecting earnings of $2.35 a share.
REVENUE: Revenue rose 9.8% to $2.91 billion. On an organic
basis, revenue increased 6%. Commercial risk solutions revenue rose
12%, or 5% organically, to $1.23 billion. Revenue from data and
analytic services rose 16%, or 12% organically, to $298 million.
Reinsurance solutions revenue rose 9.1%, or 8% organically, to $359
million. The organic revenue percentage changes were provided by
the company.
Shares were flat premarket. In the past 12 months, shares have
risen 28%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 02, 2018 07:29 ET (12:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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