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Tuesday, February 11, 2014

Omnicom's revenue rises as ad sales increase, (NYSE: OMC)

Omnicom Group Inc, the largest U.S. advertising company, reported a 2.9 percent rise in quarterly revenue, helped mainly by growth in its international markets. Omnicom's net income available to common shares was $300.5 million, or $1.13 per share, for the fourth quarter ended Dec. 31 compared with $307.1 million, or $1.13 per share, a year earlier.The company, which owns agencies such as BBDO Worldwide and Goodby, Silverstein & Partners, earned $1.18 per common share, excluding merger expenses.Revenue rose to $4.06 billion.

Omnicom Group Inc. (Omnicom) is a holding company, providing professional services to clients through multiple agencies. Shares of OMC fell by 0.04% or $-0.03/share to $74.17. In the past year, the shares have traded as low as $55.59 and as high as $75.36. On average, 1335410 shares of OMC exchange hands on a given day and today's volume is recorded at 1578973.