Omnicom revenue falls due to stronger dollar

Reuters
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July 21 (Reuters) - Omnicom Group Inc, the biggest U.S. advertising company, reported a 1.7 percent drop in quarterly revenue, mainly hurt by a stronger dollar.

Net income available to common shareholders fell to $310.0 million from $318.9 million a year earlier.

However, earnings per share rose to $1.26 from $1.23 due to fewer shares outstanding in the latest quarter.

Revenue fell to $3.81 billion from $3.87 billion a year earlier.

(Reporting by Sagarika Jaisinghani and Kshitiz Goliya in Bengaluru; Editing by Saumyadeb Chakrabarty)

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