20.10.2023 13:14:20 - dpa-AFX: Interpublic Group Of Companies Inc. Q3 Profit Decreases, misses estimates
WASHINGTON (dpa-AFX) - Interpublic Group Of Companies Inc. (IPG) released
earnings for third quarter that decreased from the same period last year and
missed the Street estimates.
The company's bottom line totaled $243.7 million, or $0.63 per share. This
compares with $251.8 million, or $0.64 per share, in last year's third quarter.
Excluding items, Interpublic Group Of Companies Inc. reported adjusted earnings
of $269.5 million or $0.70 per share for the period.
Analysts on average had expected the company to earn $0.73 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 1.5% to $2.68 billion from $2.64
billion last year.
Interpublic Group Of Companies Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $243.7 Mln. vs. $251.8 Mln. last year.
-EPS (Q3): $0.63 vs. $0.64 last year.
-Analyst Estimates: $0.73
-Revenue (Q3): $2.68 Bln vs. $2.64 Bln last year.
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