Omnicom: stock sold off after Q3 results

(CercleFinance.com) - The Omnicom share is down about 4% in early trading on Wall Street, even after the communication group reported Q3 net profit that rose by 8% to 313.
3 million dollars, i.e. 1.45 dollar per share.

The New York based group saw its operating margin improve by 2.5 points to 15.6%, for revenues that are down 11.5% to 3.2 billion dollars (-11.7% in organic terms), a decline that it says is mainly due to the negative impact of the Covid-19 pandemic.


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