S&P 500 (NYSE:SPY) component Omnicom Group Inc. (NYSE:OMC) reported its results for the second quarter. Omnicom Group Inc. provides professional, advertising, marketing and corporate communications services.
Omnicom Group Earnings Cheat Sheet for the Second Quarter
Results: Net income for the advertising agency rose to $275.1 million (96 cents per share) vs. $243.3 million (79 cents per share) in the same quarter a year earlier. This marks a rise of 13% from the year earlier quarter.
Revenue: Rose 14.7% to $3.49 billion from the year earlier quarter.
Actual vs. Wall St. Expectations: OMC beat the mean analyst estimate of 92 cents per share. It beat the average revenue estimate of $3.38 billion.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 23.6% and in the fourth quarter of the last fiscal year, the figure rose 7.4%.
Revenue has risen the past four quarters. Revenue increased 7.9% to $3.15 billion in the first quarter. The figure rose 9.8% in the fourth quarter of the last fiscal year from the year earlier and climbed 5.5% in the third quarter of the last fiscal year from the year-ago quarter.
The company has now topped analyst estimates for the last three quarters. It beat the mark by 10 cents in the first quarter and by 2 cents in the fourth quarter of the last fiscal year.
Competitors to Watch: Interpublic Group of Companies, Inc. (NYSE:IPG), MDC Partners Inc. (NASDAQ:MDCA), Publicis Groupe S.A. (PUBGY), Lamar Advertising Company (NASDAQ:LAMR), Charm Communications Inc (NASDAQ:CHRM), Focus Media Holding Ltd. (NASDAQ:FMCN), National CineMedia, Inc. (NASDAQ:NCMI), ValueClick, Inc. (NASDAQ:VCLK), interCLICK Inc (NASDAQ:ICLK), and Inuvo, Inc. (AMEX:INUV).
(Source: Xignite Financials)