Gallagher just beats consensus on robust profit growth
AJ Gallagher's first quarter profit climbed 18 percent
year-on-year and pushed the national broker just above Wall Street
estimates.
Earnings rose to $0.40 per share, $0.01 better than the $0.39
consensus forecast from 16 analysts compiled by
MarketWatch.com.
Chairman, president and CEO Patrick Gallagher commented:
"Coming off a terrific 2016, we delivered solid organic
growth, outstanding revenue growth from our tuck-in M&A
strategy and strong margin expansion in the first
quarter."
Organic
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