AON Q1 Earnings Miss Estimates on Higher Expenses, Debt High

Aon plc (AON) reported first-quarter 2024 adjusted earnings of $5.66 per share, which missed the Zacks Consensus Estimate by 3.4%. The bottom line increased 9.5% year over year.Total revenues advanced 5% year over year to $4.07 billion in the quarter under review but missed the consensus mark by 1.3%. The top line consisted of organic revenue growth of 5% and a 1% favorable impact from foreign currency translation. It also had a 1% favorable impact from fiduciary investment income and a 2% unfavorable impac ...