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Omnicom Group Inc. (OMC) Has Risen To A 3-Month High On Q3 Results

Omnicom Group Inc. (OMC) reported third quarter EPS of $1.24 Tuesday morning, which topped the consensus estimate of $1.21. The company's revenue for the quarter fell 0.3% to $3.71 billion from $3.72 billion last year.

The company also announced that it will reduced its workforce by 7,000 positions.

Omnicom Group gapped open sharply higher this morning and is now up 3.84 at $73.34. The stock has broken out to a 3-month high.

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