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.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMC at https://www.zacks.com/ap/OMC
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
