Global Domination? Check.
I guess we’re doing o.k.
This, from a Morningstar alert email this morning:
Omnicom Group (OMC) reported first-quarter results Tuesday that were, as usual, quite strong. We’re maintaining our $90 fair value estimate, which is a few dollars above Omnicom’s closing price Monday. We’ve long considered Omnicom the leader in marketing services, thanks to its consistent ability to win new business–largely due to the strength of its individual agencies–and increase profits for shareholders. Internal growth in the first quarter was 8.7%, which will probably exceed the internal growth rates of Omnicom’s closest rivals. Thanks to a strengthened dollar, currency movements hurt results in the quarter. However, Omnicom still boosted earnings per share more than 13%. We’re expecting a strong year from Omnicom, and the first quarter was a step in that direction.
4 commentsEmail Article Tuesday, April 25th, 2006 at 12:26pm Mack Simpson
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