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-0.00207929026892142 -0.00126282228999165 -0.00381203215968937 -0.00429719988910455 -0.0117077904075409 0.000623787080676486 -0.00845578042694759 -0.0223191017466039
Stock impact report

UPDATE 3-Omnicom growth falls short as U.S. base shrinks [Reuters]

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: Reuters
Omnicom growth falls short as U.S. base shrinks | Reuters 4 Min Read (Reuters) - Omnicom Group Inc ( OMC.N ) fell short of expectations for revenue growth in the second quarter as U.S. clients put their marketing dollars elsewhere, sending shares of the New York firm and rival global advertising agencies lower. Madison Avenue-based 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. Shares in the company fell almost 8 percent after opening, while those in rivals Publicis ( PUBP.PA ), IPG ( IPG.N ) and London-based WPP PLC ( WPP.L ) dipped by 3-4 percent on their respective stock markets. The “Big Four” traditional ad companies have been facing competition from consulting firms such as Accenture ( ACN.N ), IBM ( IBM.N ) and Deloitte, which have built big marketing businesses in recent years through a Show less Read more
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