Interpublic Group of Cos. (IPG) Tops Q3 EPS by 20c, Revenues Beat

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Interpublic Announces Third Quarter and First Nine Months 2020 Results

October 21, 2020 7:00 AM EDT

New York, Oct. 21, 2020 (GLOBE NEWSWIRE) --  

Third quarter reported net revenue of $1.95 billion, a decrease of 5.2% from a year ago, with organic net revenue decrease of 3.7%, due to impact of COVID-19 macroeconomic disruptionThird quarter organic change of net revenue was negative 2.4% in the US and was negative 6.0% in International marketsFirst nine months reported net revenue decrease of 6.7%, and organic net revenue decrease of 4.5%Third quarter reported net income was $279.7 million, including restructuring charges, and adjusted EBITA was $317.2 million before restructuring... More