Willis Group Q1 Profit Decreases - Quick Facts

(RTTNews) - Willis Group Holdings plc (WSH), the global risk advisory, re/insurance broking, and human capital and benefits firm, reported first-quarter net income to company of $210 million or $1.15 per share, compared to $246 million or $1.35 per share, prior year. The company noted that the items which affected the year-on-year movement in net income included restructuring costs related to the Operational Improvement Program of $0.12 per share, gain on disposal of operations of $0.01, and unfavorable foreign currency movements totaling $0.15 per share. Underlying earnings per share was $1.26, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.39 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $1.09 billion from $1.10 billion last year. Analysts expected revenue of $1.15 billion for the quarter.