In a research report released today, J.P. Morgan says that Omnicom Group OMC delivered strong Q4 results that beat expectations.
According to J.P. Morgan, “Q4 EPS came in at $0.96 ahead of our $0.94 estimate and grew 16% over the prior year. Better than expected organic revenue growth of 5.2% and 50 bp of margin expansion helped drive this upside to earnings.”
J.P. Morgan maintains its Overweight rating on Omnicom, which closed yesterday at $48.02.
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