NEW YORK (AP) — NEW YORK (AP) — Omnicom Group Inc. (OMC) on Tuesday reported second-quarter profit of $366.3 million.
On a per-share basis, the New York-based company said it had net income of $1.82. Earnings, adjusted for non-recurring gains, were $1.81 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The advertising company posted revenue of $3.61 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $3.62 billion.
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