Omnicom stock wobbles premarket after a 15% surge on buyback plan — what’s next
Omnicom shares slipped 0.3% premarket Friday after surging 15.4% on Thursday, closing at $80.94. The company reported Q4 revenue of $5.53 billion, beating estimates, but adjusted earnings of $2.59 per share missed forecasts. Omnicom announced a $5 billion buyback and flagged $1.12 billion in integration costs tied to its Interpublic acquisition. An Investor Day is set for March 12.