Loser Stock Alert - Aon Corporation (NYSE:AOC) opens lower

Loser Stocks

Dallas, TX 10/30/2009 03:19 PM GMT (TransWorldNews)

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Aon Corporation (NYSE:AOC) plunged over 9% to $37.45 after its third-quarter net profit rose 3% to $120 million, or 41 cents a share, from $117 million, or 40 cents a share, a year earlier. Total revenue in the quarter slipped 2% to $1.81 billion. Adjusted earnings per share fell to 65 cents from 69 cents as a strengthening margin in its brokerage business was offset by a 69% drop in total investment income. Analysts polled by FactSet had expected earnings of 65 cents a share on revenue of $1.86 billion.

Aon Corporation (Aon), through its subsidiaries, serves its clients through two operating segments: Risk and Insurance Brokerage Services, which acts as an advisor and insurance broker, helping clients manage their risks, as well as negotiating and placing insurance risk with insurance carriers through its global distribution network, and Consulting provides advice and services to clients related to health and benefits, retirement, compensation, strategic human capital, and human resource outsourcing.

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