S&P 500 (NYSE:SPY) component Omnicom Group Inc. (NYSE:OMC) reported net income above Wall Street’s expectations for the first quarter. Omnicom Group Inc. provides professional, advertising, marketing and corporate communications services.
Omnicom Group Earnings Cheat Sheet for the First Quarter
Results: Net income for the advertising agency rose to $217.1 million (69 cents/share) vs. $163.4 million (52 cents/share) YoY. A rise of 32.9% from the year earlier quarter.
Revenue: Rose 7.9% to $3.15 billion YoY.
Actual vs. Wall St. Expectations: OMC (NYSE:OMC) beat the mean analyst estimate of 59 cents/share. Estimates ranged from 56 cents per share to 63 cents per share.
Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 7.4% and in the third quarter of the last fiscal year, the figure rose 5.4%.
Competitors to Watch: Interpublic Group of Companies, Inc. (NYSE:IPG), Publicis Groupe SA (PUBG), WPP plc (WPPG), MDCA Partners (NASDAQ:MDCA), McGraw-Hill (NYSE:MHP), News Corp (NASDAQ:NWSA), Procter & Gamble (NYSE:PG), Gannett (NYSE:GCI), Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), NASDAQ:YHOO, Time Warner (NYSE:TWX), Disney (NYSE:DIS), CBS (NYSE:CBS), Discovery (NASDAQ:DISCA), Lamar Advertising (NASDAQ:LAMR), and Focus Media (NASDAQ:FMCN).
Today’s Performance: Shares of OMC are trading at $46.71: