Omnicom Group Inc. (NYSE: OMC) unveiled its earnings report, allowing investors to assess the company's performance in the third quarter, after the trading day wraps up.
The outcome has caught the attention of the market, with profits accompanied by revenus shining brighter than expected forecasts.
The company closed the quarter with a Non-GAAP income of $2.03 per share, outplayed the wall street predicted $2.02 profit per share by $0.01.
Having said that, the revenues for the quarter totaling $3.88 billion, got better of street forecasted $3.8 billion by $87.066 million.
The company’s quarterly income came in at $1.95 per share under GAAP, reflecting a 4.8 percent ascend from the year before.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $2.03 | +5.7% | 3.88 B | +8.5% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.95 | +7.7% | 3.85 B | +6.8% |
| Q1 2024 | $1.67 | +7.1% | 3.63 B | +5.5% |
| Q4 2023 | $2.20 | +5.3% | 4.06 B | +5.0% |
| Q3 2023 | $1.86 | +5.1% | 3.58 B | +3.9% |
| Q2 2023 | $1.81 | +7.7% | 3.61 B | +1.2% |
| *Growth on year-over-year basis | ||||
The topline improved 8.52 percent, and the bottomline grew 5.73 percent in comparison to the related quarter of prior year.
Omnicom Group (OMC) closed Tuesday's regular trading session at $104.02, indicating a 0.74 percent increase, with a volume of 1.74 million shares.
