TECH - Why Media Company Omnicom Shares Are Diving Today | Benzinga
Omnicom Group Inc. (NYSE:OMC) shares are trading lower today after the company reported second-quarter FY24 results.
Revenue rose 6.8% Y/Y to $3.85 billion, beating the consensus of $3.82 billion.
This was led by an organic growth of 5.2% Y/Y. Acquisition revenue (net of disposition revenue) increased revenue by 2.6% Y/Y, led by Flywheel Digital's acquisition in the Precision Marketing discipline, and the impact of foreign currency translation reduced revenue by 1.0%.
Adjusted ...