Interpublic Announces Third Quarter and First Nine Months 2020 Results
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Interpublic Group of Cos. (IPG) Tops Q3 EPS by 20c, Revenues Beat
October 21, 2020 7:06 AM EDTInterpublic Group of Cos. (NYSE: IPG) reported Q3 EPS of $0.53, $0.20 better than the analyst estimate of $0.33. Revenue for the quarter came in at $1.95 billion versus the consensus estimate of $1.87 billion.
Third quarter reported net revenue of $1.95 billion, a decrease of 5.2% from a year ago, with organic net revenue decrease of 3.7%, due to impact of COVID-19 macroeconomic disruptionThird quarter organic change of net revenue was negative 2.4% in the US and was negative 6.0% in International marketsFirst nine months reported net revenue decrease of 6.7%, and organic net revenue decrease of 4.5%Third quarter reported net... More