Aon Shares Slide 9% After 1Q Adjusted Earnings Miss Analyst Estimates
Provided by
Dow Jones
By Josh Beckerman
Aon shares were down 9% after the professional-services company reported quarterly adjusted earnings that were above last year but below Wall Street estimates.
The stock was recently at $278.04 and is down about 4% this year.
Adjusted earnings per share for the first quarter increased to $5.66 from $5.17. Analysts polled by FactSet expected $5.89. Revenue increased 5%, to $4.07 billion.
The company said it posted a strong quarter, including 100 basis points of adjusted operating-margin improvement.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 26, 2024 13:20 ET (17:20 GMT)
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