Marsh & McLennan Companies Inc., a global professional services firm offering clients advice and solutions in risk, strategy and people, reported that its net income attributable to the Company for the second quarter ended June 30, 2015 was $419 million or $0.77 per share, compared with $431 million, or $0.77 per share, in the prior year.Adjusted earnings per share were $0.80 compared with $0.79 in last year's second quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated revenue in the second quarter of 2015 was $3.2 billion, a decline of 2% compared with the second quarter of 2014, reflecting the continuing impact of the strong US dollar. On an underlying basis, revenue increased 3%. Wall Street expected revenues of $3.35 billion.
Dan Glaser, President and CEO, said, "Given the macro headwinds we are facing, I am pleased with our performance in the first half of the year. For the first six months of 2015, adjusted EPS rose 6%. In the second quarter, adjusted EPS of $.80 was a slight increase from the prior year. Underlying revenue was up 3%, reflecting growth of 2% in Risk & Insurance Services and 4% in Consulting. Looking forward, we're on track to deliver underlying revenue growth, margin expansion and strong growth in earnings per share in the second half of the year."