Omnicom Earnings Cheat Sheet: Profits Strong and Ad Revenues Rising

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.

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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:

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