Omnicom (OMC) Earnings & Revenues Surpass Estimates in Q2

Earnings of $1.95 per share beat the consensus estimate by 3.7% and gained 7.7% year over year. Total revenues of $3.9 billion surpassed the consensus estimate by 1.1% and increased 6.8% on a year-over-year basis. Omnicom shares have gained 10.2% over the year-to-date period against the 1.9% decline of the industry it belongs to. Meanwhile, the Zacks S&P 500 composite has rallied 17%. Across fundamental disciplines, revenues from Advertising & Media increased 7.8% year over year compared with our estimate o ...