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Marsh & McLennan Companies Inc Q3 Profit Rises 7%

Marsh & McLennan Companies Inc (MMC) announced earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line totaled $362 million, or $0.69 per share. This was higher than $338 million, or $0.63 per share, in last year's third quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.6% to $3.14 billion. This was up from $3.12 billion last year.

Marsh & McLennan Companies Inc earnings at a glance:

-Earnings (Q3): $362 Mln. vs. $338 Mln. last year.
-Earnings Growth (Y-o-Y): 7.1%
-EPS (Q3): $0.69 vs. $0.63 last year.
-EPS Growth (Y-o-Y): 9.5%
-Analysts Estimate: $0.68
-Revenue (Q3): $3.14 Bln vs. $3.12 Bln last year.
-Revenue Change (Y-o-Y): 0.6%

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All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

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