Interpublic Group of Cos. (IPG) Tops Q2 EPS by 2c

Interpublic Group of Cos. (NYSE: IPG) reported Q2 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.84 billion.

"We are pleased to report another quarter of strong organic revenue as well as profit growth. We saw positive contributions to our top-line performance from a broad range of our creative, marketing services and media offerings," said Michael I. Roth, Interpublic's Chairman and CEO. "Our digital capabilities, which we have chosen to embed at every one of our agencies and we've largely developed organically, are consistently among the best in the industry. These digital services continued to be significant drivers of growth for us this past quarter. Regionally, our largest markets were standouts, as the US, AsiaPac and the UK all showed very good growth. We remain focused on cost discipline, as evident in our results, as well as committed to capital return programs that remain a source of significant value creation. At the midway point of the year, we believe that the appropriate organic growth target for 2015 is now 4-5%. Consistent with that, we will look to deliver toward the upper end of our full-year operating margin target of 80-100 basis points improvement over 2014. As always, our focus will be on the caliber of our people, our clients' success, and further enhancing shareholder value."

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

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