Marsh & McLennan Cos.’ (NYSE:MMC) reported that its fourth-quarter earnings jumped up 1.1% as the insurance brokerage logged revenue growth in its risk and insurance business along with its consulting operations.
The firm’s insurance and consulting units have been a persistent source of strength for Marsh & McLennan (MMC), as have a streak of takeovers that have given a rise to the firm’s revenue.
The company announced a profit of $259 million, or 47 cents per share, which was higher against $256 million, or 46 cents per share, in 2011 same quarter.
Omitting restructuring-associated costs and other items, revised earnings came in 52 cents. Revenue hiked 3.2% to $3 billion while experts’ survey by Thomson Reuters latest estimated target was of 52 cents on sales of $3.01 billion.
At the current trading session, Marsh & McLennan Companies, Inc (NYSE:MMC) shares are down -2.48% to $35.45 while the stocks are trading within the range of $34.43 – $35.92. In the past year, the stock has traded within a range of $30.74– $36.93. Average daily trading volume is 667,221.00 shares.
Earnings season has just started and beverages giant was under focus on Tuesday as Coca-Cola Co (NYSE:KO)announced quarterly earnings on Tuesday that were an inch higher than experts targets, as high demand in growing markets compensated a shortfall in its European units.
The world’s biggest soft drink manufacturer, with brands name including Sprite, Fanta and Minute Maid, reported that net income came in $1.87 billion or 41 cents a share, in the Q4, which was higher from $1.66 billion, or 36 cents a share, in 2011’s similar phase.
Investors’ response was quite mute after the earnings call and was down in premarket session on Tuesday with negative change of -0.41%.
The Coca-Cola Company (NYSE:KO) shares are down -1.58% to $38.01 while the stock is trading within the range of $37.50 – $38.16 in the current trading session. In the last 12 months the shares have traded between $34.04and $40.67. The average daily trading volume is 2.50 million shares.
The world’s biggest door-to-door cosmetics seller Avon Products Inc. (NYSE:AVP), announced fourth-quarter revised profit that surpassed experts’ forecasts as new Chief Executive Officer Sheri McCoy hedged costs.
Omitting items like restructuring costs and charges to impair some assets, profit came in 37 cents per share, the New York- located firm reported on Tuesday in a statement. That surpassed the 27- cent average estimate of 15 experts polled by Bloomberg.
But in an indication of enhancement in its business, Avon reported that it sold 2 percent additional items in the quarter, and the amount of sales representatives jumped up 1 percent.
Avon Products, Inc (NYSE:AVP) shares in the current session moved up +14.12% reaching $19.71. The stocks are trading in a range of $18.65– $20.04. In the last year the stock has moved within a range of $13.70– $23.58. The Company’s average daily trading volume is 2.45 million shares.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL