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

RTTNews | vor 930 Tagen
Interpublic Q4 Adj. EPS Tops Estimates; Boosts Dividend 7%

(RTTNews) - 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.

Excluding items, adjusted earnings for the quarter were $1.02 per share, compared to $0.97 per share in the year-ago quarter.

Total revenue for the quarter increased 1.8 percent to $2.99 billion from $2.93 billion in the same quarter last year. Net revenue was flat with last year at $2.51 billion. Organic net revenue growth was 3.8 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.01 per share on revenues of $2.55 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, CEO Philippe Krakowsky said, "We expect organic net revenue growth for 2023 of 2% to 4%, on top of our very strong multi-year performance, and to further expand our adjusted EBITA margin to 16.7% for the full year."

The Company also announced that its Board of Directors has declared a 7% higher common stock cash dividend of $0.31 per share, payable quarterly to holders of record on an ongoing basis. It also announced an additional authorization amount of $350 million to share repurchase program.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Interpublic Q2 Results Top Estimates

Interpublic Q2 Results Top Estimates

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.
RTTNews | vor 399 Tagen
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 | vor 566 Tagen
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 | vor 853 Tagen
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | vor 50 Minuten
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | vor 1Std 5 Minuten
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | vor 1Std 47 Minuten
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | vor 1Std 56 Minuten