Interpublic Group of Cos. (IPG) Tops Q1 EPS by 2c, Revenues Miss
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Interpublic Announces First Quarter 2020 Results
April 22, 2020 7:00 AM EDTReported net revenue of $1.97 billion, a decrease of 1.6% from a year ago, with organic net revenue growth of 0.3%In seasonally small quarter, net income was $4.7 million compared with a loss of $8.0 million a year ago, with EBITA of $97.2 million and EBITA margin of 4.9%First quarter diluted EPS was $0.01 and $0.11 as adjusted Management highlights strategic and operating strengths, exceptional talent base, deep financial resources, and flexible cost model, amid macroeconomic and marketing uncertainty due to COVID-19 pandemic
New York, April 22, 2020 (GLOBE NEWSWIRE) --
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