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Interpublic Q2 Results Top Estimates

RTTNews | 398 days ago

Interpublic Q2 Results Top Estimates

(RTTNews) - Interpublic Group of Cos., Inc. (IPG) reported Wednesday that net income available to IPG common stockholders for the second quarter declined to $214.5 million or $0.57 per share from $265.5 million or $0.68 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.61 per share, compared to $0.74 per share in the year-ago quarter.

Total revenue, which includes billable expenses, for the quarter grew 1.6 percent to $2.71 billion from $2.67 billion in the same quarter last year. Net revenue edged down 0.1 percent to $2.33 billion. Organic net revenue growth was 1.7 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share on revenues of $2.33 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, CEO Philippe Krakowsky said, "Given results in the year to date, trends within our client roster, and macro sentiment, we expect to achieve full-year organic growth of approximately 1%......."

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Interpublic Q4 Results Top Estimates

Interpublic Q4 Results Top Estimates

Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the fourth quarter surged to $463.2 million or $1.21 per share from $297.2 million or $0.76 per share in the prior-year quarter.

RTTNews | 565 days ago

Interpublic Q1 Results Top Estimates

Interpublic Q1 Results Top Estimates

Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the first quarter declined to $126.0 million or $0.33 per share from $159.4 million or $0.40 per share in the prior-year quarter.

RTTNews | 852 days ago

Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

Interpublic Group of Cos., Inc. (IPG) reported Thursday that net income available to IPG common stockholders for the fourth quarter declined to $297.2 million or $0.76 per share from $357.9 million or $0.90 per share in the prior-year quarter.

RTTNews | 929 days ago

U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 4 minutes ago

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | 15 minutes ago

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | 1h 34min ago

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | 1h 39min ago

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | 2h 2min ago

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