NEW YORK (AP) — NEW YORK (AP) — Omnicom Group Inc. (OMC) on Tuesday reported first-quarter profit of $287.7 million.
The New York-based company said it had net income of $1.45 per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were $1.70 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The advertising company posted revenue of $3.69 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $3.68 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMC at https://www.zacks.com/ap/OMC
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