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Publicis Groupe became the first of the major holding companies to report its Q3 earnings, coming in ahead of analyst and internal expectations with an organic revenue decline not as sizable as predicted.
Organic revenue declined 5.6% for the quarter, year over year, ahead of a -8.9% consensus forecast across 20 analysts. In July, Publicis Groupe reported a Q2 organic revenue decline of 13%, and the holding company’s stock value saw an increase on the news.