12:58 PM EDT, 04/26/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Aon's (AON) shares dropped more than 9% in recent Friday trading after the company's Q1 results fell short of market expectations.

The management consulting firm reported Q1 adjusted earnings of $5.66 per diluted share, up from $5.17 a year earlier. Analysts polled by Capital IQ expected $5.92.

Revenue for the quarter ended March 31 was $4.07 billion compared with $3.87 billion a year earlier. Analysts polled by Capital IQ expected $4.14 billion.

Price: 278.01, Change: -27.99, Percent Change: -9.15