Omnicom: Q2 Earnings Snapshot

Associated Press Finance
1-min read
In this article:

NEW YORK (AP) — NEW YORK (AP) — Omnicom Group Inc. (OMC) on Tuesday reported second-quarter earnings of $328.1 million.

On a per-share basis, the New York-based company said it had net income of $1.65. Earnings, adjusted for non-recurring costs and amortization costs, were $1.95 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.

The advertising company posted revenue of $3.85 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.81 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMC at https://www.zacks.com/ap/OMC