Aon Misses 2Q Forecasts

LONDON (AP) _ Aon PLC (AON) on Friday reported second-quarter net income of $272 million.

On a per-share basis, the London-based company said it had net income of $1.01. Earnings, adjusted for non-recurring costs, came to $1.39 per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The insurance brokerage posted revenue of $2.77 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $2.85 billion.

Aon shares have increased 20 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 6 percent. The stock has climbed 9 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AON at http://www.zacks.com/ap/AON

Keywords: Aon, Earnings Report