Interpublic (IPG) Q1 Earnings Meet Estimates, Decline Y/Y

Published on 24 Apr 2024 on Zacks via Yahoo Finance

Interpublic (IPG) Q1 Earnings Meet Estimates, Decline Y/Y

The Interpublic Group of Companies, Inc. IPG has reported mixed first-quarter 2024 results, wherein earnings met the Zacks Consensus Estimate, whereas revenues beat the same.

IPG’s adjusted earnings (excluding 7 cents from non-recurring items) of 36 cents per share met the Zacks Consensus Estimate but decreased 5.3% on a year-over-year basis. Revenues before billable expenses (net revenues) of $2.2 billion surpassed the consensus estimate marginally but decreased 13.4% year over year. Total revenues of $2.5 billion declined 1% and met our estimate.

Interpublic Group of Companies, Inc. (The) Price and EPS Surprise

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Interpublic (IPG) Q1 Earnings Meet Estimates, Decline Y/Y

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