DUBLIN (AP) — DUBLIN (AP) — Aon PLC (AON) on Friday reported second-quarter profit of $560 million.
The Dublin-based company said it had net income of $2.71 per share. Earnings, adjusted for non-recurring costs, were $2.76 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 $2.82 per share.
The insurance brokerage posted revenue of $3.18 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $3.16 billion.
Aon shares have risen 12% since the beginning of the year, while the S&P's 500 index has climbed 18%. The stock has climbed 18% in the last 12 months.
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