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Empresas y finanzas

Aon profit rises, but misses forecasts


    NEW YORK (Reuters) - Aon Corp , the world's largest insurance broker, said on Friday that first-quarter profit rose 28 percent, helped by restructuring efforts, but revenue slipped as falling investment income fell.

    Chicago-based Aon, which helps business clients secure insurance coverage, said net income increased to $280 million, or 97 cents per share. Income from continuing operations gained 30 percent to $230 million, or 80 cents per share.

    Excluding items, mostly related to restructuring efforts, the company said its earnings improved 9 percent to 76 cents per share, 12 cents shy of analysts' forecasts, according to Reuters Estimates.

    Revenue slipped 3 percent to $1.9 billion due to a 10 percent decline from foreign currency translation and a 44 percent drop in investment income. But the company said income from acquisitions rose 7 percent.

    Aon shares rose 1.9 percent to $42.20 on Thursday and were untraded in premarket action shortly after the results were announced.

    The stock has fallen about 10 percent in the last 12 months, but has bounced back from a 52-week low of $33.58 last October, Reuters data shows.

    (Reporting by Christopher Kaufman; Editing by Lisa Von Ahn)