Interpublic Group (IPG) Reports In-Line Q3 EPS

Interpublic Group (NYSE: IPG) reported Q3 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.78 billion.

"We are pleased with strong growth in revenue and profitability during the quarter and for the first nine months of 2014. These results reflect the competitiveness of our agencies and the high quality of our people and our offerings, in all marketing disciplines and around the world," said Michael I. Roth, Interpublic's Chairman and CEO. "Strategic actions taken over the years to develop our digital assets, creative talent and operations in the U.S. and emerging markets have positioned us to succeed in a marketing landscape that is increasingly fragmented, where offerings must be integrated, data-driven and focused wholly on the consumer. Our financial strength also remains a source of significant value creation. The performance we are reporting today puts us solidly on track to achieve or exceed our full year targets of 4% organic revenue growth and an improvement in operating margin of at least 100 basis points, to 10.3% or better. With our largest quarter ahead and increased macro uncertainty, we will remain focused on meeting or exceeding our targets for the year. This will, in turn, allow us to continue to deliver increased shareholder value."

For earnings history and earnings-related data on Interpublic Group (IPG) click here.

You May Also Be Interested In

• American Express (AXP) down despite beating Q1 estimates on top and bottom lines
• MetroCity Bankshares, Inc. (MCBS) Tops Q1 EPS by 4c
• Wells Fargo on Super Micro Computer (SMCI): 'No Positive Preannouncement