Advertising holding company Omnicom Group reported better-than-expected third-quarter earnings Tuesday morning with CEO and chairman John Wren saying he's optimistic after a slew of "handsome" wins (which include BBDO's Ford global creative win last week) and a return to spending for clients.
The results come after a second quarter that wasn't pretty for Omnicom and some of its peers. In July, after posting sluggish second-quarter results, the group's stock suffered its biggest decline in nine years.
The holding company saw organic revenue growth of 2.9 percent in the third quarter, while worldwide revenue fell 0.1 percent to $3,714.3 million from $3,719.5 million in the same period a year ago. Organic growth in the third quarter in the U.S. was 0.6 percent.