Omnicom 4Q Profit Lifts on Improved Global Sales

FOXBusiness

Omnicom (NYSE:OMC) reported on Tuesday a stronger-than-expected 7.4% jump in fourth-quarter profit, helped by stronger worldwide sales.

The New York-based company posted net income of $246.5 million, or 83 cents a share, compared with $229.6 million, or 73 cents a share, in the same quarter last year, ahead of average analyst estimates polled by Thomson Reuters of 81 cents.

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Revenue for the provider of advertising, marketing and corporate communications services was $3.59 billion, up 9.8% from $3.27 billion a year ago, beating the Street’s view of $3.44 billion.

The company saw a 12.6% increase in domestic revenues to $1.84 billion and a 7% increase in international markets to $1.75 billion.