
Interpublic Group (IPG) reported its third-quarter earnings with total revenue, including billable expenses, at $2.63 billion. The company posted diluted earnings per share of $0.05, which includes a goodwill charge, while the adjusted figure was $0.70. Net revenue, defined as revenue before billable expenses, was $2.24 billion, reflecting a decrease of 2.9% year-over-year. Despite the revenue beat, IPG's shares fell 3.23% in premarket trading, attributed to flat organic revenue and a goodwill impairment charge. For the first nine months of the year, net revenue declined by 0.9% to $6.75 billion, with organic growth recorded at 1%. Invesco also reported earnings, with a Non-GAAP EPS of $0.44, beating expectations by $0.01, while its revenue of $1.1 billion missed estimates by $10 million.
IPG’s third quarter net revenue decreased by 2.9% to $2.24 billion, while organic growth was flat year on year. For the first nine months of the year, net revenue was down 0.9% to $6.75 billion, with organic growth of 1%. https://t.co/UIWjFQv9Q1
$IPG Earnings: - Total revenue including billable expenses was $2.63 billion - Diluted earnings per share including goodwill charge was $0.05 as reported and $0.70 as adjusted - Revenue before billable expenses ("net revenue") was $2.24 billion, with organic revenue unchanged… https://t.co/nlH7IuASB9
Interpublic shares fall 3.23% premarket after reporting flat organic revenue and a goodwill impairment charge. $IPG