Omnicom Group's (NYSE:OMC) net income rose in the second quarter.
Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $1.02 a share versus the $1.01 a share estimate and revenues of $3.56 billion versus the $3.53 billion estimate. The estimates of 14 analysts ranged from profit of 99 cents to profit of $1.05.
The company's net income for the quarter was $282.7 million. This is 2.8% higher than the year-ago quarter. Revenue climbed 2.1% from $3.49 billion in the same period last year.
Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations The company has now topped analyst estimates for at least the last four quarters. It beat by 3 cents in the first quarter, one cent in the fourth quarter of the last fiscal year and 2 cents in the third quarter of the last fiscal year.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.