NEW YORK (AP) — NEW YORK (AP) — Omnicom Group Inc. (OMC) on Tuesday reported third-quarter profit of $341.3 million.
The New York-based company said it had profit of $1.75 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to $2.24 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The advertising company posted revenue of $4.04 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $4.02 billion.
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