Omnicom Group (NYSE: OMC) reported Q3 EPS of $1.45, $0.39 better than the analyst estimate of $1.06. Revenue for the quarter came in at $3.21 billion versus the consensus estimate of $3.03 billion.

Omnicom Group Inc. for the third quarter of 2020 of $313.3 million compared to net income - Omnicom Group Inc. of $290.2 million in the third quarter of 2019. Diluted net income per share for the third quarter of 2020 was $1.45 per share compared to diluted net income per share of $1.32 for the third quarter of 2019.

Net income - Omnicom Group Inc. and diluted net income per share - Omnicom Group Inc. in the third quarter of 2020 included a net after-tax increase of $52.3 million and $0.24 per share, respectively, related to reimbursements and tax credits under government programs in several countries where we have operations, as discussed further below.

Primarily due to the negative effects on our revenue arising from the coronavirus disease 2019 ("COVID-19") pandemic, Omnicom's worldwide revenue in the third quarter of 2020 decreased 11.5% to $3,206.5 million from $3,623.8 million in the third quarter of 2019. The components of the change in revenue included an increase in revenue from the positive impact of foreign currency translation of 0.5%, a decrease in acquisition revenue, net of disposition revenue of 0.3% and a decrease in revenue from negative organic growth of 11.7% when compared to the third quarter of 2019.

Organic growth in the third quarter of 2020 as compared to the third quarter of 2019 in our five fundamental disciplines was as follows: Advertising decreased 11.7%, CRM Consumer Experience decreased 19.3%, CRM Execution & Support decreased 19.4%, Public Relations decreased 3.4% and Healthcare increased 3.8%.

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