Interpublic Group of Companies, Inc. (NYSE:IPG) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Interpublic Group of Companies, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.14 in the quarter versus EPS of $-0.10 in the year-earlier quarter.
Revenue: Rose 2.4% to $1.54 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Interpublic Group of Companies, Inc. reported adjusted EPS loss of $0.14 per share. By that measure, the company missed the mean analyst estimate of $-0.12. It beat the average revenue estimate of $1.53 billion.
Quoting Management: “We started the year well and are pleased with solid performance in the quarter. The combination of the results we are sharing today, significant assignments coming on stream in the coming months and our proven ability to closely manage costs positions us to achieve our financial targets for 2013,” said Michael I. Roth, Interpublic`s Chairman and CEO.
Key Stats (on next page)…