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Stock impact report

Omnicom Group Reports First Quarter 2020 Results

Omnicom Group Inc. (OMC) 
Last omnicom group inc. earnings: 4/28 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.omnicomgroup.com
Company Research Source: PR Newswire
NEW YORK, April 28, 2020 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC) today announced that its diluted net income per share for the first quarter of 2020 increased two cents, or 1.7%, to $1.19 per share compared to $1.17 for the first quarter of 2019.  Net income - Omnicom Group Inc. for the first quarter of 2020 decreased $5.1 million, or 1.9%, to $258.1 million compared to $263.2 million in the first quarter of 2019.  Net income - Omnicom Group Inc. for the first quarter of 2020 was reduced by $3.9 million for a non-cash impairment charge related to the decline in the market value of certain of our equity method investments.Primarily due to the negative effects of foreign exchange rates and disposition activity in excess of acquisitions over the past year, Omnicom's worldwide revenue in the first quarter of 2020 decreased 1.8% to $3,406.9 million from $3,468.9 million in the first quarter of 2019. The components of the change in revenue included a decrease in revenue from the nega Show less Read more
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