Omnicom Shares Unmoved on Q2 Earnings

Omnicom Group OMC released their second quarter earnings Thursday morning for the three month period ended June 30th. EPS came in at $1.09, beating the analyst consensus by 0.93 percent. Conversely, revenue missed estimates by 12 million at 3.65 billion.

This is a 2.4 percent increase in net income and 2.5 percent jump in revenue year over year. Omnicom noted that domestic growth slightly outpaced international growth.

Related: Omnicom Second Quarter Press Release

During the quarter, Omnicom Group declared a dividend of $0.40, up from the $0.30 dividend in the same period last year. The dividend was paid last Thursday.

Shares are unmoved in the premarket and look to open near $66.77.

Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEarnings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...