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Expenses weigh down Willis Q2 results despite solid organic growth

Willis saw strong organic growth in Q2 2014 that beat analysts expectations, but that was more than offset by increased expenses, resulting in what analysts at Nomura called a messy miss for the broker.

By Phil Gusman | Updated on July 30, 2014

Willis saw strong organic growth in Q2 2014 that beat analysts’ expectations, but that was more than offset by increased expenses, resulting in what analysts at Nomura called a “messy miss” for the broker.

Willis reports total Q2 revenue growth of $935 million, or 5.1% growth over Q2 2013. Organic growth was 4.5%, ahead of Nomura’s 2.7% estimate and Sterne Agee’s 4% estimate.

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