Interpublic Group of Cos. (IPG) Tops Q3 EPS by 4c

Interpublic Group of Cos. (NYSE: IPG) reported Q3 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.3 billion.

• “Despite heightened macroeconomic and geopolitical uncertainty, we are upgrading our expectation for organic growth for the full year to 7%. With growth at that level, we expect to achieve adjusted EBITA margin of 16.6%. As we further evolve our offerings and align our portfolio in the service of clients, we see significant opportunity to keep creating value for all of our stakeholders.”

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

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