Towers Watson & Company and Kansas City Life Insurance Company have reported higher profits.
Towers Watson & Company, New York (NYSE:TW)
2 Q 2010 Results
NET INCOME: $58 million
REVENUE: $750 million
2 Q 2009 Results
NET INCOME: $31 million
REVENUE: $397 million
- Towers Watson has a fiscal year that ends June 30. Results from the second quarter are not really comparable with results from the second quarter of 2009, because Towers Watson was formed from the merger of two other companies since that time.
- On pro forma, “same company” basis, combined revenue dropped about 3%, the company says.
- The company expects revenue to be soft this quarter.