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Interpublic Group of Companies, Inc. (The) (IPG) - free report >>
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Interpublic Group of Companies, Inc. (The) (IPG) - free report >>
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Interpublic (IPG) Q1 Earnings & Revenues Top Estimates
The Interpublic Group of Companies, Inc. (IPG - Free Report) reported first-quarter 2019 earnings per share of 11 cents (on an adjusted basis) beating the Zacks Consensus Estimate of 6 cents. Earnings also increased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Interpublic's first-quarter 2019 earnings remained stable over the last 60 days.
The company has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average miss of 2.7%.
Revenues Better Than Expected
Interpublic recorded revenues of $2,005 million which outperformed the Zacks Consensus Estimate of $1,957 million. Moreover, revenues compared favorably with the year-ago figure of $1,774 million.
Key Stats to Note: Interpublic reported organic net revenue growth of 6.4% in first-quarter 2019. The company experienced an organic growth of 5.7% in the United States and 7.7% in the international markets in the reported quarter.