Omnicom Touts New Business Wins and Modest Organic Growth

Omnicom Group (NYSE: OMC) announced third-quarter 2019 results on Tuesday morning. The marketing and corporate communications leader revealed continued top-line headwinds as modest organic growth was more than offset by the combined impact of divested businesses and foreign currency exchange.

Still, Omnicom secured a number of key business wins coming during the quarter, most notably including the rights to handle Disney's (NYSE: DIS) movie studios and media channel accounts, according to an AdWeek report yesterday.

Chairman and CEO John Wren touted their performance as continuing "to demonstrate the consistency and diversity of Omnicom's operations, our ability to deliver consumer-centric strategic business solutions to our clients, and our best-in-industry creative talent combined with market-leading digital, data, and analytical expertise."

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Source Fool.com