Investing.com - Omnicom reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Omnicom announced earnings per share of $1.84 on revenue of $3.76B. Analysts polled by Investing.com anticipated EPS of $1.62 on revenue of $3.66B.
Omnicom shares are up 7% from the beginning of the year, still down 15.21% from its 52 week high of $79.07 set on February 19, 2020. They are outperforming the S&P 500 which is up 4.67% from the start of the year.
Omnicom follows other major Services sector earnings this month
Omnicom's report follows an earnings beat by Amazon.com on February 2, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.
Alibaba ADR had beat expectations on February 2 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
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