Omnicom Group (OMC) Tops Q4 EPS by 11c
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Omnicom Group Reports Fourth Quarter and Full Year 2018 Results
February 12, 2019 6:40 AM ESTNEW YORK, Feb. 12, 2019 /PRNewswire/ -- Omnicom Group Inc. (NYSE: OMC) today announced that its net income for the fourth quarter of 2018 increased $144.8 million, or 56.9%, to $399.2 million from $254.4 million in the fourth quarter of 2017. Diluted net income per common share for the fourth quarter of 2018 increased sixty-eight cents, or 62.4%, to $1.77 per share versus $1.09 per share for the fourth quarter of 2017. In the fourth quarter of 2017, we increased income tax expense to record the net effect of the enactment of the "Tax Cuts and Jobs Act" (the "2017 Tax Act"), which... More
