Marsh & McLennan (MMC) Q2 Earnings Beat on Solid Marsh Unit

Consolidated revenues rose 6% year over year to $6.2 billion. The figure also improved 6% on an underlying basis. The top line, however, fell short of the consensus mark by 1%. Total operating expenses of $4.58 billion increased 3.6% year over year but were lower than our estimate of $4.62 billion. The year-over-year increase was due to higher compensation and benefits costs. Expenses of the Risk and Insurance Services segment escalated 6.2% year over year while the Consulting segment's expenses inched up 1 ...