Omnicom Group's Net Income Declined in Q3

Results dented by costs of Publicis Groupe merger

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Omnicom Group's net income declined in the third quarter, despite a revenue gain of more than 2 percent.

The holding company ended the quarter with revenue of $3.49 billion, up from $3.40 billion in the same period last year. Net income, however, declined 4 percent to about $191 million.

Omnicom attributed some of the decline to expenses related to its pending merger with Publicis Groupe, which Omnicom CEO John Wren and Publicis Groupe CEO Maurice Lévy unveiled in July.

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