Wells Fargo Downgrades Interpublic Group (IPG) to Equal Weight, 'the 2Q print makes us more cautious on IPG'
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Go back to Wells Fargo Downgrades Interpublic Group (IPG) to Equal Weight, 'the 2Q print makes us more cautious on IPG'
July 21, 2023 7:00 AM EDT
New York, NY, July 21, 2023 (GLOBE NEWSWIRE) --
Total revenue, including billable expenses, was $2.67 billionRevenue before billable expenses ("net revenue") was $2.33 billion, a decrease of 2.0%, with organic decrease of 1.7%Reported net income was $265.5 millionAdjusted EBITA before restructuring charges was $330.2 millionMargin of adjusted EBITA before restructuring charges was 14.2% on revenue before billable expensesDiluted earnings per share was $0.68 as reported and $0.74 as adjusted...
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