Investing.com - Omnicom reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Omnicom announced earnings per share of $1.21 on revenue of $3.21B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $3.04B.
Omnicom shares are down 36% from the beginning of the year, still down 38.06% from its 52 week high of $82.73 set on December 13, 2019. They are under-performing the S&P 500 which is up 5.27% 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 October 21, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on October 20 with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
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