Aon Shares Rise Following Better-Than-Expected 2Q Results
By Connor Hart
Shares of Aon are on track for their largest percent increase in three years after the company posted second-quarter per-share earnings that beat Wall Street analysts' expectations.
The stock was up 6% to $316.98 on Friday. Shares are up 9% since the beginning of the year.
The Dublin-based professional services company posted a profit of $524 million, or $2.46 a share, down from $560 million, or $2.71 a share, in the year-ago quarter. Analysts polled by FactSet expected per-share earnings of $2.30.
Stripping out certain one-time costs, adjusted earnings came in at $2.93 per share, missing analysts' forecast of $3.09, according to FactSet.
Revenue rose 16% to $3.76 billion, just ahead of analysts' forecast of $3.74 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 26, 2024 13:21 ET (17:21 GMT)
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