Aon Corp. reported a 28 percent gain in third-quarter earnings from continuing operations, attributing part of it to a 4 percent revenue increase in its consulting unit, but its earnings missed estimates.
The company’s net income attributable to shareholders totaled $144 million, or 51 cents a share, compared with $120 million, or 41 cents a share, in the year-ago period. Total revenue of $1.8 billion was flat with the year-ago quarter.
Analysts had expected Aon to post quarterly earnings of 66 cents a share, according to consensus estimates. Among the drags on earnings was a 1 percent decline in organic revenues in its brokerage unit, where revenues totaled $1.5 billion for the quarter.
