North America continues to drag Willis top line
Despite a modest earnings beat, Willis Group Holdings disappointed analysts as it reported stagnant top-line performance that was dragged down by its North America segment.
The broker pipped Wall Street forecasts as it booked net income from continuing operations for the second quarter of $107mn, up from $84mn in the prior-year period on lower expenses and strong performance in its global division.
At 61 cents per share - or 59 cents a share excluding exceptionals - earnings were up from...
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