Why Media Company Omnicom Shares Are Diving Today
Portfolio Pulse from Lekha Gupta
Omnicom Group Inc. (NYSE:OMC) shares are trading lower after reporting Q2 FY24 results. Despite revenue and EPS beating consensus estimates, shares fell due to a slight decrease in EBITA margin and mixed organic growth across disciplines and regions.
July 17, 2024 | 3:17 pm
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Omnicom Group Inc. reported Q2 FY24 results with revenue and EPS beating estimates. However, shares fell 4.83% due to a slight decrease in EBITA margin and mixed organic growth across various disciplines and regions.
Despite beating revenue and EPS estimates, the slight decrease in EBITA margin and mixed organic growth across disciplines and regions likely led to investor concerns, causing the stock to drop.
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IMPORTANCE 80
RELEVANCE 100