Omnicom beats by $0.01, reports revs in-line
Tuesday, October 15, 2013 7:02:53 AM ET
Reports Q3 (Sep) earnings of $0.82 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.81; revenues rose 2.5% year/year to $3.49 bln vs the $3.48 bln consensus. •For the quarter ended September 30, 2013, organic growth increased revenue 4.1%. Acquisitions, net of dispositions reduced revenue 1.0% and the impact of foreign exchange rates reduced revenue 0.6%. •Across geographic markets, organic revenue increased 5.0% in the United States, 7.5% in the United Kingdom and 4.5% in our other markets, primarily from growth in Asia and Latin America, offset by an organic revenue decline of 1.6% in our Euro markets.