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Omnicom (OMC) Stock Slumps on Q2 Revenue Miss

NEW YORK (TheStreet) -- Shares of Omnicom Group (OMC) are sliding 2.19% to $83.10 in pre-market trading Thursday after the company reported 2016 second quarter revenue that fell short of analysts' projections.

Before today's opening bell, the New York-based advertising and marketing company posted revenue of $3.88 billion, lower than Wall Street's estimates of $3.91 billion. But revenue increased 2.1% from last year.

Earnings of $1.36 per share topped analysts' expectations of $1.33 per share.

Revenue was hurt by foreign...