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Interpublic (IPG) Meets Q2 Earnings Estimates, Tops Revenues

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The Interpublic Group of Companies, Inc. (IPG - Free Report) reported second-quarter 2018 earnings per share of 43 cents (on an adjusted basis) which met the Zacks Consensus Estimate. Earnings also increased 43.3% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for Interpublic depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2018 earnings increase 2.4% over the last 60 days.

However, the company has a disappointing earnings history having underperformed the Zacks Consensus Estimate in three of the last four quarters with an average miss of 12.3%.

Revenues Higher Than Expected

Interpublic recorded total revenues of $2,391.8 million which outperformed the Zacks Consensus Estimate of $1,905.4 million. Moreover, revenues compared favorably with the year-ago figure of $2,185.8 million.

Key Stats to Note: Interpublic reported organic net revenue growth of 5.6% in second-quarter 2018. The company experienced an organic growth of 4.6% in the United States and 7.2% in the international markets.

Zacks Rank: Currently, Interpublic has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Check back later for our full write up on this Interpublic earnings report later!

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