Interpublic Group of Cos. (IPG) Tops Q1 EPS by 2c, Revenues Miss

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Go back to Interpublic Group of Cos. (IPG) Tops Q1 EPS by 2c, Revenues Miss

Interpublic Announces First Quarter 2020 Results

April 22, 2020 7:00 AM EDT

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 adjusted Management highlights strategic and operating strengths, exceptional talent base, deep financial resources, and flexible cost model, amid macroeconomic and marketing uncertainty due to COVID-19 pandemic

New York, April 22, 2020 (GLOBE NEWSWIRE) --

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