Aon 3Q Profit Rose, Revenue Flat
30 October 2020 - 11:56PM
Dow Jones News
By Maitane Sardon
Aon PLC on Friday reported a rise in earnings and flat revenue
for the third quarter.
The professional-services firm that offers insurance-brokerage
services posted net income of $275 million, or $1.18 a share,
compared with $222 million, or 93 cents a share, in the year-ago
period.
Adjusted earnings were $1.53 a share. Analysts polled by FactSet
were expecting adjusted earnings of $1.49 a share.
Revenue was flat at $2.4 billion, including flat organic
revenue. Analysts were looking for $2.32 billion.
Aon said for the first nine months of 2020, cash flows from
operations increased 74% to $2 billion and free cash flow increased
91% to $1.9 billion compared with the prior-year period.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
October 30, 2020 08:41 ET (12:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Aon (NYSE:AON)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aon (NYSE:AON)
Historical Stock Chart
From Apr 2023 to Apr 2024
