UPDATE: Omnicom Posts Upbeat Q4 Profit
Omnicom Group (NYSE: OMC) reported a higher-than-expected Q4 profit.
Omnicom's quarterly net income surged to $307.1 million, or $1.13 per share, versus $271.9 million, or $0.96 per share, in the year-ago period.
Its revenue climbed 2.4% to $3.94 billion, while international revenue declined 0.3%. However, analysts were expecting earnings of $1.09 per share on revenue of $3.93 billion.
Omnicom shares closed at $55.36 yesterday.
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