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Omnicom Group Inc. Third Quarter Profit Increases, Beats Estimates

WASHINGTON (dpa-AFX) – Omnicom Group Inc. (OMC) reported third-quarter results that were up from last year and above Street estimates.

The company’s profit was $385.9 million, or $1.95 per share. That compares to $371.9 million, or $1.86 per share, in the third quarter of last year.

Excluding items, Omnicom Group Inc. reported adjusted earnings of $402.3 million, or $2.03 per share, for the period.

Analysts on average expected a profit of $2.02 per share, according to figures compiled by Thomson Reuters. Analyst estimates generally exclude special items.

The company’s revenue for the quarter increased 8.5% to $3.882 billion, compared to $3.578 billion last year.

Omnicom Group Inc. earnings at a glance (GAAP):

-Revenues (Q3): $385.9 million. against $371.9 million. last year. -EPS (Q3): $1.95 versus $1.86 last year. -Revenue (Q3): $3.882 billion versus $3.578 billion last year.

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