Marsh & McLennan Companies reported first-quarter net income dropped 36 percent compared with the period last year.
The New York-based insurance services firm reported first-quarter net income of $268 million, or $.49 per share, compared with $416 million, or $.76 per share, for the same period in 2006.
Morgan Stanley senior property-casualty analyst William Wilt said the results appear “weak against expectations, and we would expect the stock to be appreciably off today.”
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