Omnicom Q1 Profit Falls 21% as Ad Market Plummets (OMC)
Posted on April 27, 2009 at 12:27 PM EDT
Advertising and marketing company Omnicom Group Inc. (OMC) said Monday that its first quarter earnings fell as the downturn in ad spending continued to resonate throughout the world. The company’s shares rose, however, as earnings results were still enough to beat Wall Street estimates. The New York City-based company reported fiscal first quarter profits of $164.5 million, [...]