Interpublic (IPG) Tops Q4 Earnings & Revenue Estimates
Zacks Investment Research | Feb 12, 2019 10:34PM ET
The Interpublic Group of Companies, Inc. (NYSE:IPG) reported solid fourth-quarter 2018 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings of 89 centsper share beat the Zacks Consensus Estimate by 8 cents and improved on a year-over-year basis. Net revenues of $2.41 billion beat the consensus estimate by $90.7 million and increased on a year-over-year basis. The top line benefited from organic revenue growth of 7.1% from and positive impact of 7.8% from acquisitions, which were, however, partially offset by a negative impact of 1.6% from foreign currency movement.
In the reported quarter, the company witnessed organic net revenue growth of 6.3% in the United States and 8% in international markets. Total revenues of $2.86 billion increased 10.3% year over year and includes $181.7 million in relation to the Acxiom acquisition (completed on Oct 1, 2018).The Acxiom acquisition will not impact organic revenue growth till the fourth quarter of 2019.
Over the past year, shares of Interpublic have declined 11.5% compared with 26.9% decline of the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.