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Revenue grew modestly and net income was flattish for Omnicom Group in the first quarter of the year in yet another sign that the ad marketplace remains difficult.
Omnicom posted net income of $199.7 million in Q1, compared to $200.1 million in the same period last year. Revenue for the quarter grew just 3 percent to $3.39 million.
Still, the company managed to deliver earnings per share of 76 cents—up from 72 cents in the year-ago period and a penny more than Wall Street analysts had expected.
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