Omnicom Group Slips 4% As Q3 Results Miss Estimates

Shares of marketing and corporate communications company Omnicom Group, Inc. (OMC) are down 4 percent on Wednesday's trading as the company announced third quarter results, which missed the Street estimates.

The company's bottom line totaled $355.6 million or $1.65 per share during the third quarter. This compares with $313.3 million, or $1.45 per share, in the same period last year.

The company's revenue for the quarter rose 7.2 percent to $3.44 billion from $3.21 billion a year ago.

On average, analysts polled by Thomson Reuters were looking for earnings of $1.84 per share on revenues of $3.85 billion for the three-month period.

Currently at $72.87, the stock has traded between $44.50 and $86.38 during the past 52 weeks.

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