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Marsh & McLennan 4Q matches market expectations

NEW YORK (AP) -- Marsh & McLennan Cos. Inc. reported Tuesday that its revenue and profit for the fourth quarter met market expectations for the consulting and professional services firm.

Net income was $259 million, or 47 cents per share, for the quarter that ended Dec. 31. That compares with $256 million, or 46 cents per share, in the same quarter a year ago. The company earned 52 cents per share on an adjusted basis in the most recent quarter, excluding one-time items.

Total revenue rose by 3 percent to $3 billion on gains in its consulting and risk and insurance businesses.

Both adjusted earnings and revenue matched Wall Street estimates, according to FactSet.

Shares fell 78 cents to $35.57 in afternoon trading. The stock is up about 10 percent since this time last year.

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