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Aon: 1Q Earnings Snapshot

May 1, 2020 GMT

LONDON (AP) _ Aon PLC (AON) on Friday reported first-quarter net income of $772 million.

The London-based company said it had profit of $3.29 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $3.68 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.70 per share.

The insurance brokerage posted revenue of $3.22 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.31 billion.

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Aon shares have decreased 17% since the beginning of the year, while the Standard & Poor’s 500 index has dropped roughly 10%. The stock has dropped 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AON at https://www.zacks.com/ap/AON