UPDATE: Marsh & McLennan Reports 19% Rise In Q2 Net Income

Marsh & McLennan Companies Inc MMC reported a 19% rise in its second-quarter net income. Marsh & McLennan reported its quarterly net income at $282 million, or $0.50 per share, up from $236 million, or $0.43 per share, in the year-earlier period. Its adjusted earnings came in at $0.50 per share. The company's revenue climbed 12% to $2.9 billion. However, analysts were expecting earnings of $0.48 per share and revenue of $2.82 billion. Marsh & McLennan shares dropped 1.72% to close at $28.49 yesterday.