Omnicom Group Inc. (NYSE:OMC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Omnicom Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5.56% to $0.76 in the quarter versus EPS of $0.72 in the year-earlier quarter.
Revenue: Rose 2.77% to $3.4 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Omnicom Group Inc. reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.75. It missed the average revenue estimate of $3.41 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…