Investing.com - Omnicom reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Omnicom announced earnings per share of $1.95 on revenue of $3.86M. Analysts polled by Investing.com anticipated EPS of $1.71 on revenue of $3.67B.
Omnicom shares are up 7% from the beginning of the year and are trading at $79.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 5.15% from the start of the year.
Omnicom shares gained 0.04% in after-hours trade the report.
Omnicom follows other major Communication Services sector earnings this month
Omnicom's report follows an earnings beat by Alphabet C on February 1, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.8 on revenue of $72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.84 on revenue of $33.37B.
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