Willis Group Holdings Public Limited Company (NYSE:WSH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.36%.
Willis Group Holdings Public Limited Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 104.55% to $0.45 in the quarter versus EPS of $0.46 in the year-earlier quarter.
Revenue: Rose 2.62% to $835.29 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Willis Group Holdings Public Limited Company reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.44. It missed the average revenue estimate of $836.87 million.
Quoting Management: “In the fourth quarter, Willis undertook a series of steps to pave the way forward for our company and our shareholders. Those actions are reflected in our reported results,” said Dominic Casserley, CEO of Willis Group Holdings. “With these actions behind us, and a quarter that resulted in significantly improved revenue growth in our segments, particularly the turnaround in Willis North America, we are encouraged by what lies ahead. We are laying a strong foundation at Willis, defined by the service we offer our clients and the manner in which we run our business, exemplified by the $524 million of cash flow we generated in 2012, an improvement of $85 million over the previous year,” Casserley added.
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