UPDATE 2-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 profit beats estimates on higher client spending - Reuters 2 Min Read (Reuters) - U.S. advertising company Omnicom Group Inc’s ( OMC.N ) beat Wall Street estimates for quarterly profit on Wednesday, as higher spending by its U.S. and European clients offset the impact of a stronger dollar. The company also reported a 2.8% rise in organic revenue - a widely watched measure that excludes fluctuation in foreign exchange rates and mergers. Analysts on average had expected a 2.72% gain, according to five analysts polled by Refinitiv IBES. Like other big traditional ad companies, Omnicom has been shifting focus to high-growth digital marketing through acquisitions to compete better with the targeted advertising models of Facebook and Google. Net income attributable to Omnicom rose to $370.7 million, or $1.68 per share, in the quarter ended June 30, from $364.2 million, or $1.60 per share, a year earlier. Analysts on average had expected a profit of $1.61 per share. Revenue fell to
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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