Interpublic misses quarterly revenue estimates on tepid ad spending [Yahoo! Finance Canada]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: Yahoo! Finance Canada
The results contrast with those of peer Omnicom, which reported strong quarterly profit and revenue last week, driven by strength in its advertising business. Interpublic said in July that its clients in certain businesses are taking longer to make decisions over macroeconomic concerns. Interpublic - which also owns McCann, Mediabrands and MullenLowe - reported revenue of $2.24 billion for the quarter ended Sept. 30, falling short of estimates of $2.30 billion, as per data compiled by LSEG. The company reaffirmed its target of achieving organic growth of 1% for the year, after tightening its forecast in July. Revenue growth in the United States as well as international markets was flat organically, with Asia Pacific falling over 7% in the quarter and Latin America reporting a rise of around 10%. Adjusted earnings per share of 70 cents in the reported quarter came in line with analysts expectations. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber) R
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News
- Is There Now An Opportunity In Omnicom Group Inc. (NYSE:OMC)? [Yahoo! Finance]Yahoo! Finance
- DDB Named One of America's Most Reliable Companies by NewsweekPR Newswire
- Interpublic misses quarterly revenue estimates on tepid ad spending [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is UGC The Answer To Your Content Strategy? It Is For Nike & Dove [Forbes]Forbes
- Omnicom Group Inc. (NYSE: OMC) had its price target raised by analysts at Barclays PLC from $110.00 to $121.00. They now have an "overweight" rating on the stock.MarketBeat
OMC
Earnings
- 10/15/24 - Beat
OMC
Sec Filings
- 10/22/24 - Form 4
- 10/21/24 - Form S-3ASR
- 10/18/24 - Form 8-K
- OMC's page on the SEC website