RTTNews | Jan 27, 2022 04:26PM EST

16:26 Thursday, January 27, 2022 (RTTNews.com) - Arthur J Gallagher & Co. (AJG) revealed earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $120.9 million, or $0.51 per share. This compares with $153.1 million, or $0.72 per share, in last year's fourth quarter.

Excluding items, Arthur J Gallagher & Co. reported adjusted earnings of $219.8 million or $0.98 per share for the period.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.9% to $1.97 billion from $1.70 billion last year.

Arthur J Gallagher & Co. earnings at a glance (GAAP) :

-Earnings (Q4): $120.9 Mln. vs. $153.1 Mln. last year.-EPS (Q4): $0.51 vs. $0.72 last year.-Analyst Estimates: $0.94-Revenue (Q4): $1.97 Bln vs. $1.70 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3258050/arthur-j-gallagher-co-q4-profit-decreases-but-beats-estimates.aspx)

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