Interpublic Announces First Quarter 2020 Results
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Interpublic Group of Cos. (IPG) Tops Q1 EPS by 2c, Revenues Miss
April 22, 2020 7:02 AM EDTInterpublic Group of Cos. (NYSE: IPG) reported Q1 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.99 billion.
Reported net revenue of $1.97 billion, a decrease of 1.6% from a year ago, with organic net revenue growth of 0.3%In seasonally small quarter, net income was $4.7 million compared with a loss of $8.0 million a year ago, with EBITA of $97.2 million and EBITA margin of 4.9%First quarter diluted EPS was $0.01 and $0.11 as adjustedManagement highlights strategic and operating strengths, exceptional talent base, deep... More