trending Market Intelligence /marketintelligence/en/news-insights/trending/w6qhluyqv-igo7zeifuoyw2 content esgSubNav
In This List

Omnicom posts lower Q4'17 income on income tax expense

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Omnicom posts lower Q4'17 income on income tax expense

Omnicom Group Inc. on Feb. 15 reported a year-over-year drop in fourth-quarter 2017 net income attributable to the company to $254.4 million, or $1.09 per share, from net income of $350.3 million, or $1.47 per share.

The GAAP S&P Capital IQ consensus EPS estimate for the quarter was $1.53.

In the fourth quarter of 2017, the company recorded the net effect of the enactment of the "Tax Cuts and Jobs Act," which resulted in a net increase of $106.3 million in income tax expense. Excluding the additional net income tax expense, net income increased $10.4 million, or 3.0%, to $360.7 million from $350.3 million in the fourth quarter of 2016.

Revenue for the fourth quarter was $4.18 billion, down 1.5% year over year from $4.24 billion.