Analysts appeared to react positively to Marsh & McLennan's first-quarter financial results where the company reported net income more than tripled over 2005, even though revenues dropped more than 1 percent during the period.
For the first quarter of 2006, New York-based MMC reported net income increased $282 million, going from $134 million, or 25 cents a share, to $416 million, or 75 cents a share. Revenues declined slightly–by $45 million–going from $3.07 billion in 2005 to $3.03 billion.
First-quarter 2005 results were impacted by regulatory and restructuring expenses along with the initial loss of contingent commissions during that period.
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