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Aon beats analysts’ expectations in Q4
05 February 2010
Aon Corporation surpassed expectations in the fourth quarter as the company saw the benefit of restructuring savings and favourable foreign currency translation.
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Aon Corporation surpassed expectations in the fourth quarter as the company saw the benefit of restructuring savings and favourable foreign currency translation.
The US broker’s net income was $198m in the fourth quarter of 2009, compared with a loss of $6m in the same quarter last year. Net income for 2009 decreased 49% to $747m compared with $1.5bn in 2008.
“Aon’s earnings were much stronger than we expected, and show the resilience of Aon’s business model in a very tough environment,” said Alan Devlin, analyst at Atlantic Equities, in a research note. “Aon’s restructuring programmes are helping to offset...
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