• News Desk

OMNICOM SAYS LESS CLARITY ON FOURTH QUARTER


Omnicom Group Inc (OMC.N) on Tuesday reported third-quarter earnings that narrowly beat estimates and said that it lacked clarity on its outlook for this quarter due to foreign currency pressures following Brexit and the U.S. presidential election.The New York City-based marketing and communications company has "less visibility" heading into the fourth quarter, chief executive officer John Wren said on a call with analysts on Tuesday."This year is further complicated by the upcoming U.S. presidential election, the increasing likelihood that the Fed will raise rates before year-end, and the potential effects of Brexit," Wren said.

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