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Willis Towers Watson says adjusted revenues up 1% organically

reported first-quarter net income attributable to the company of $238 million,or $1.75 per share, down from pro forma net income of $251 million, or $1.82per share, in the first quarter of 2015.

Adjustednet income for the first quarter came in at $464 million, or $3.41 per share.

TheS&P Capital IQ consensus normalized EPS estimate for the quarter was $2.83.

Resultsfor the most recent quarter include pretax $52 million of integration expenses,$50 million provision for the Stanford litigation and $25 million of restructuringcosts.

Totalrevenues came in at $2.23 billion, compared to pro forma revenues of $2.01billion in the year-ago period. Adjusted revenues, which include $32 million ofrevenue not recognized due to purchase accounting rules, were $2.27 billion,representing an increase of 1% on an organic basis.

For2016, Willis Towers Watson continues to expect low-double digit constantcurrency revenue growth and adjusted EPS in the range of $7.70 to $7.95.

TheS&P Capital IQ consensus normalized EPS estimate for the full year is $7.79.