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Omnicom Group Inc. (OMC) Is Losing Ground After Q2 Revenues Miss

Omnicom Group Inc. (OMC) reported second quarter EPS of $1.60 Tuesday morning, compared to $1.40 in the prior year period. Revenues rose 1.8% to $3.86 billion from $3.79 billion last year. The consensus estimates were for EPS of $1.55 and revenues of $3.9 billion.

Omnicom Group gapped open lower Tuesday and has continued to fall in early trade. Shares are now down 5.45 at $72.65 on above average volume. The stock has dropped to over a 1-month low.

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