Investing.com - Omnicom reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Omnicom announced earnings per share of $1.39 on revenue of $3.41B. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $3.28B.
Omnicom shares are up 10% from the beginning of the year, still down 11.72% from its 52 week high of $91.61 set on February 10. They are outperforming the S&P 500 which is down 6.35% from the start of the year.
Omnicom shares gained 0.16% in after-hours trade following the report.
Omnicom follows other major Communication Services sector earnings this month
Omnicom's report follows an earnings beat by Tencent ADR on March 23, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.
Netflix had beat expectations on Tuesday with first quarter EPS of $3.53 on revenue of $7.87B, compared to forecast for EPS of $2.95 on revenue of $7.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar