NEW YORK (AP) — NEW YORK (AP) — Omnicom Group Inc. (OMC) on Tuesday reported first-quarter earnings of $318.6 million.
On a per-share basis, the New York-based company said it had profit of $1.59. Earnings, adjusted for amortization costs, were $1.67 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The advertising company posted revenue of $3.63 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $3.58 billion.
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