Marsh & McLennan Shares Fall 8% Despite Q3 Earnings Beat

(RTTNews) - Marsh & McLennan Companies, Inc. (MMC) shares fell 7.96 percent to $187.62, down $16.23 on Thursday, even after posting third-quarter earnings that topped expectations.

The stock traded between $185.13 and $196.50 during the session, compared with a previous close of $203.85 on the New York Stock Exchange.

Trading volume reached 4.11 million shares, above the average of 2.39 million. Over the past 52 weeks, Marsh & McLennan shares have traded between $185.13 and $248.00.

The company reported net income of $747 million, or $1.51 per share, unchanged from a year earlier. Adjusted earnings were $1.85 per share, above the consensus estimate of $1.78. Revenue rose 11.5 percent to $6.35 billion from $5.70 billion last year.