Marsh & McLennan Cos. on Thursday reported first-quarter profit of $569 million.On a per-share basis, the New York-based company said it had net income of $1.09. Earnings, adjusted for non-recurring gains, were $1.08 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.
The global professional services firm providing strategy, risk and people solutions posted revenue of $3.5 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.46 billion.
Marsh & McLennan shares have increased almost 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 7 percent. The stock has risen 17 percent in the last 12 months.