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Stock Market & Financial Investment News

News Breaks
May 9, 2014
05:07 EDTPUBGY, OMCOmnicom, Publicis agree to terminate proposed merger of equals
Publicis Groupe S.A. (PUBGY) and Omnicom Group (OMC) jointly announced that they have terminated their proposed merger of equals by mutual agreement, in view of difficulties in completing the transaction within a reasonable timeframe. The parties have released each other from all obligations with respect to the proposed transaction, and no termination fees will be payable by either party. This decision was unanimously approved by the management board and the supervisory board of Publicis Groupe and the board of Omnicom.
News For OMC;PUBGY From The Last 14 Days
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April 22, 2015
09:36 EDTOMCOmnicom continues to have downside to consensus estimates, says Goldman
Goldman said Omnicom reported in-line EPS of 83c but missed total revenue due to FX and acquisitions. The firm reiterated its Sell rating and continues to see downside to consensus earnings estimates due to difficult comps, high exposure to a slower growth Europe, FX headwinds, and a slowdown buybacks. Price target is $68.
April 21, 2015
07:08 EDTOMCOmnicom reports Q1 EPS 83c, consensus 82c
Reports Q1 revenue $3.47B, consensus $3.48B. Reports Q1 Domestic revenue $1.96B. Reports Q1 International revenue $1.51B. Reports Q1 organic revenue increased 4.8% in North America, 9.3% in the United Kingdom, 2.7% in the Euro Markets and Other Europe, 6.7% in Asia Pacific, 3.4% in Latin America and 10.6% in Africa/Middle East, when compared to the same quarter of 2014.
April 20, 2015
15:37 EDTOMCNotable companies reporting before tomorrow's open
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