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Omnicom Group: S&P 500’s Top Loser on February 15

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Top losers

The S&P 500’s top losers on February 15 were:

  • Omnicom Group (OMC) fell 6.6%.
  • Equinix (EQIX) fell 6.5%.
  • NetApp (NTAP) fell 4.9%.
  • Newfield Exploration (NFX) fell 3.9%.
  • Alliance Data Systems (ADS) fell 3.8%.
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Omnicom Group

Omnicom Group, which is an American global marketing and corporate communications holding company, was the S&P 500’s top loser on February 15. After gaining for seven consecutive trading days, Omnicom Group started lower on Thursday and ended the day with losses.

The selling pressure in Omnicom Group increased following the announcement of weaker-than-expected fourth quarter revenues. According to management, the revenues declined 1.4% year-over-year to $4.18 billion in the fourth quarter. The EPS (earnings per share) in the fourth quarter was $1.09, which is less than analysts’ forecast of $1.54 and a 25.9% fall from the EPS of $1.47 recorded in 4Q16. Omnicom Group opened lower amid the weak earnings report and consolidated at lower levels for the rest of the day.

On February 15, Omnicom Group declined 6.6% and closed the day at $77.28.

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