Omnicom quarterly results beat estimates on ad market strength

- Omnicom Group beat Wall Street estimates for second-quarter profit and revenue on Tuesday, driven by strong growth in its advertising and media segment.

Omnicom's revenue stood at $3.85 billion in the quarter ended June 30, compared with analysts' estimate of $3.82 billion, according to LSEG data.The company's precision marketing segment which includes Flywheel, e-commerce cloud platform grew 1.4%. On an adjusted basis, the company earned $1.95 per share for the reported quarter, compared with expectations of $1.93 per share.

Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

US companies head into earnings facing high expectationsU.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Corona maker Constellation Brands tops quarterly profit estimates on strong beer businessConstellation Brands reported a comparable profit of $3.57 per share for the quarter ended May 31, beating analysts’ estimates of $3.46 per share, as per LSEG data
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »