Investing.com - Omnicom reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Omnicom announced earnings per share of $1.19 on revenue of $3.41B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $3.36B. That with comparison to EPS of $1.17 on revenue of $3.47B in the same period a year before.Omnicom had reported EPS of $1.89 on revenue of $4.14B in the previous quarter.Analysts are expecting EPS of $1.3 and revenue of $3.2B in the upcoming quarter.
Omnicom shares are down 32% from the beginning of the year and are trading at $54.34 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.29% year to date.
Omnicom follows other major Services sector earnings this month
Omnicom's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on Wednesday, April 22, 2020 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
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