Omnicom: Q3 Earnings Snapshot
By AP News
Published - Oct 15, 2024, 04:12 PM ET
Last Updated - Dec 16, 2024, 06:19 PM EST
NEW YORK (AP) — NEW YORK (AP) — Omnicom Group Inc. (OMC) on Tuesday reported third-quarter earnings of $385.9 million.
On a per-share basis, the New York-based company said it had profit of $1.95. Earnings, adjusted for amortization costs, were $2.03 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.
The advertising company posted revenue of $3.88 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.79 billion.
