Interpublic Announces Third Quarter and First Nine Months 2019 Results
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Interpublic Group of Cos. (IPG) Tops Q3 EPS by 2c, Revenues Miss
October 22, 2019 7:04 AM EDTInterpublic Group of Cos. (NYSE: IPG) reported Q3 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.08 billion.
Third quarter net revenue increase of 8.7% and organic net revenue increase of 1.4%First nine months net revenue increase of 10.2%; organic net revenue increase of 3.5%Third quarter operating income increase of 7.1% to $280.3 million and adjusted EBITA1 increase of 8.7% to $302.0 millionThird quarter operating margin on net revenue of 13.6%; EBITA margin of 14.7%Third quarter diluted earnings per share of $0.42 and $0.49 as... More