Omnicom Q1 EPS $1.90 Beats, Costs Rise

Omnicom reported Q1 adjusted EPS of $1.90, topping the $1.84 consensus by $0.06.
Revenue reached $6.24 bn, beating estimates of $5.85 bn, with core operations revenue of $5.6 bn showing 3.9% organic growth.
Integration and disposition costs of $59.4 mn and $34.3 mn respectively lowered operating income by $97.8 mn, causing shares to slip 1% after hours.
Core adjusted EBITA rose 27.3% to $833.5 mn, margins expanded to 14.8% from 12.4%, and diluted shares rose to 299.2 mn.