Investing.com - Omnicom reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Omnicom announced earnings per share of $0.92 on revenue of $2.80B. Analysts polled by Investing.com anticipated EPS of $0.81 on revenue of $2.96B.
Omnicom shares are down 29% from the beginning of the year and are trading at $57.01 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.27% from the start of the year.
Omnicom follows other major Services sector earnings this month
Omnicom's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.18 on revenue of $30.45B, compared to forecasts EPS of $1.15 on revenue of $29.92B.
Netflix had missed expectations on Thursday, July 16, 2020 with second quarter EPS of $1.59 on revenue of $6.15B, compared to forecast for EPS of $1.82 on revenue of $6.08B.
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