Omnicom maintains 2019 forecast after quarterly profit beat [Reuters]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: Reuters
Omnicom maintains 2019 forecast after quarterly profit beat - Reuters 2 Min Read (Reuters) - U.S. advertising company Omnicom Group Inc ( OMC.N ) kept its full-year sales growth forecast unchanged after reporting better-than-expected quarterly profit, disappointing investors and raising concerns about ad spending. Omnicom and other traditional advertisers have been losing ground to internet companies Facebook ( FB.O ), Alphabet’s Google ( GOOGL.O ) and digital marketing specialists that track and target individual clients via their smartphones. Additionally, a slowing global economy and trade tensions are also expected to crimp ad spending around the world. “In terms of international growth...the uncertainties that exist because of geopolitical decisions will have some impact on what goes on with our clients in spending,” Omnicom Chief Executive Officer John Wren said in a post-earnings call. For full year, the company continues to expect organic sales growth of 2% to 3%. Mornin
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OMC
Earnings
- 4/16/24 - Beat
OMC
Sec Filings
- 4/17/24 - Form 10-Q
- 4/16/24 - Form 8-K
- 4/11/24 - Form ARS
- OMC's page on the SEC website