Omnicom Group Inc. ($OMC) Q1 Profit Outshines Wall Street View; Revenues Miss By A Whisker

24

Omnicom Group Inc. (NYSE: OMC) released its first quarter financial results following the end of the trading day.

  • Although revenue fell below expectations, earnings continued to show positive momentum.
  • The company reported revenue of $3.69 billion for the quarter, with adjusted profit at $1.70 per share.
  • Analyst estimates had projected revenue at $3.69 billion and bottom-line income at $1.64 per share.
  • Quarterly earnings increased by 1.8 percent compared to the previous year, with revenue also showing a 1.6 percent gain.