UPDATE 2-Omnicom's organic growth misses estimates as U.S. clients curb spending [Reuters]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: Reuters
Omnicom's organic growth misses estimates as U.S. clients curb spending | Reuters 3 Min Read (Reuters) - U.S. advertising company Omnicom Group Inc’s ( OMC.N ) second-quarter organic revenue growth missed analysts’ estimates as domestic clients curbed marketing spending, dragging down its shares by 4 percent in premarket trading on Tuesday. Omnicom reported a 2 percent rise in organic revenue - a closely watched measure that excludes foreign exchange rate changes and mergers. Analysts, on average, had expected a 2.3 percent rise, according to research firm FactSet. New York-based Omnicom has been able to offset some of its large customer losses in North America with gains in Europe, where organic revenue grew 11.2 percent in the quarter. Organic revenue fell 0.9 percent in North America. In 2017, North America contributed nearly 57 percent to Omnicom’s revenue, while Europe contributed 27 percent. “We expect the continued underperformance of North America to be a bugbear for investo
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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