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Friday, October 30, 2009
Aon Profit Edges Up 3%
By Simon Kennedy
MarketWatch Pulse
LONDON -- Insurance broker Aon Corp. said Friday that its third-quarter net profit rose 3% to $120 million, or 41 cents a share, from $117 million, or 40 cents a share, a year earlier. Total revenue in the quarter slipped 2% to $1.81 billion. Adjusted earnings per share fell to 65 cents from 69 cents as a strengthening margin in its brokerage business was offset by a 69% drop in total investment income. Analysts polled by FactSet had expected earnings of 65 cents a share on revenue of $1.86 billion.
Copyright © 2009 MarketWatch, Inc.
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