Marsh & McLennan Stock Drops 4% Over Lower Profit In Q1

(RTTNews) - Shares of Marsh & McLennan Companies, Inc. (MMC) are falling about 4 percent during Thursday's trading following the announcement of first quarter results, which reported profit of $1.381 billion, or $2.79 per share compared to last year's $1.400 billion, or $2.82 per share.

Currently, MMC is trading at $220.48, down 4.73 percent or $10.5, over the previous close of $231.32. The stock traded between $196.72 and $248.00 in the last one year.

However, the company's revenue for the period rose 9.1 percent to $7.061 billion from $6.473 billion last year.