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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Omnicom Group Inc | NYSE:OMC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 95.98 | 0 | 09:01:00 |
From Apr 2019 to Apr 2024
By Colin Kellaher
Omnicom Group Inc. (OMC) on Wednesday reported second-quarter earnings that topped expectations despite foreign-currency translation that weighed on revenue.
The New York advertising company reported net income of $370.7 million, or $1.68 a share, for the quarter, up from $364.2 million, or $1.60 a share, a year earlier.
Analysts polled by FactSet, on average, were expecting a profit of $1.60 a share in the latest quarter.
Revenue fell 3.6% to $3.72 billion, just above Wall Street's expectations of $3.71 billion.
Omnicom said foreign-currency translation reduced revenue by 2.6% during the quarter, adding that revenue rose 2.8% on an organic bases during the period.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 17, 2019 07:24 ET (11:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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