NEW YORK _ Omnicom Group Inc. on Tuesday reported fourth-quarter net income of $328.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.35 per share. Four analysts surveyed by Zacks expected $4.19 billion.
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PARIS, Oct 21- Publicis' sales slowed markedly in the third quarter, hurt by weakness in the United States where customers delayed or cut marketing projects, forcing it to cut its annual organic growth target to 1 percent from 2.5 percent. The results are the latest setback for the world's third-biggest advertising agency by sales, which has been lagging...
Oct 20- Omnicom Group Inc, the No.1 U.S. advertising company, reported a 1.1 percent fall in quarterly revenue, hurt by a strong dollar. Net income attributable to the company fell to $239.3 million, in the third quarter ended Sept. 30 from $243.8 million, a year earlier. On a per-share basis, net income rose to 97 cents from 95 cents as the number of outstanding shares...
So far the earnings season has been lackluster, and some high-profile warnings have already given investors pause.
Goldman Sachs, Barclays, Jefferies, RBC Capital Markets and Oppenheimer& Co are underwriting the IPO, the company said in a filing with the Securities and Exchange Commission. Businesses are spending more to secure their computer networks following a string of high-profile data breaches at Sony Corp, JPMorgan Chase& Co and Anthem Inc. Mimecast's investors...
LONDON, Sept 25- Investors in smaller mining companies are likely to suffer further losses as the recent plunge in commodities prices to multi-year lows pushes some firms to the brink of extinction. Without the heft of a Glencore, which has suspended dividends, issued new shares and plans asset sales to cut debt after its share price plunged 60 percent in three...
LONDON, Aug 26- Britain's WPP, the world's biggest advertising company, said it was on track to hit its demanding full-year sales target after solid first-half demand in mature countries helped to offset a slowdown in China. WPP, which handles the advertising needs of brands such as Ford and Unilever through agencies including JWT and Ogilvy& Mather, posted...
Goldman Sachs is recommending fund manager clients buy the stocks that their peers are neglecting in order to beat the S&P 500 this year.
France's Publicis promised business would pick up in the second half of this year as the advertising agency recovered from a tough 2014.
Some of the names on the move ahead of the open.
All major European indexes closed lower on Monday after data revealed euro zone manufacturing activity expanded less than expected in October.
Publicis has agreed to acquire Sapient in an all-cash transaction for $25 per share, valuing the U.S. digital advertising specialist at $3.7 billion.
Wall Street looked to fall at the open on Monday, as disappointing European and Chinese data hit global market sentiment.
The CEO of WPP said most of his firm's new business in the third quarter was from clients that had left rival groups Publicis and Omnicom.
French advertising group said sales were disappointing, blaming its focus on "other plans" - a reference to the failed merger with Omnicom.
Some of Tuesday's midday movers:
Facebook is making its big and long-anticipated move to grow its reach and take on Google in the advertising.
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