Why Investors Loved Marsh & McLennan's Q1 Earnings
Marsh & McLennan (NYSE: MMC), an insurance and consulting firm, saw a major surge in its stock price Tuesday following the release of a strong first-quarter earnings report. The stock price shot up about 4% in early trading and is up about 13% year to date.
There's a lot to like about a 9% increase in revenue year over year to $5.1 billion, a 30% spike in net income to $983 million, and earnings of $1.93 per share (which obliterated estimates).
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Source Fool.com
