S&P 500 (NYSE:SPY) component Interpublic Group of Companies Inc. (NYSE:IPG) reported its results for the first quarter. The Interpublic Group of Companies, Inc. is an advertising and marketing services company that specializes in consumer advertising, interactive marketing and media planning.
Interpublic Group of Companies Earnings Cheat Sheet for the First Quarter
Results: Loss narrowed to $45.2 million (loss of 10 cents/diluted share) by 30% from $64.6 million (loss of 15 cents/share) in the same quarter a year earlier.
Revenue: Rose 10% to $1.47 billion YoY.
Actual vs. Wall St. Expectations: IPG fell right in step with the street’s estimates of a loss of 10 cents/share.
Quoting Management: “We are pleased to have started the year with another quarter of strong revenue growth and operating margin improvement. All of our major agencies contributed to this performance, led by our operations in the U.S. and emerging markets,” said Michael I. Roth, Interpublic’s Chairman and CEO. “An increasingly fragmented and complex media landscape creates opportunity for continued growth in our sector.”
IPG’s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $197.9 million in the fourth quarter of the last fiscal year, a profit of $45.3 million in the third quarter of the last fiscal year and $82.5 million in the second of the last fiscal year.
Competitors to Watch: Omnicom Group Inc. (NYSE:OMC), Publicis Groupe S.A. (PUBGY), MDC Partners Inc. (NASDAQ:MDCA), Lamar Advertising Company (NASDAQ:LAMR), Charm Communications Inc (NASDAQ:CHRM), Focus Media Holding Ltd. (NASDAQ:FMCN), Inuvo, Inc. (AMEX:INUV), National CineMedia, Inc. (NASDAQ:NCMI), interCLICK Inc (NASDAQ:ICLK), and ValueClick, Inc. (NASDAQ:VCLK).
Today’s Performance: Shares of IPG are trading at $11.81 as of April 28, 2011 at 03:33 PM ET, down 4.9% from the previous closing price of $12.42.