NEW YORK (AP) — NEW YORK (AP) — Interpublic Group of Cos. (IPG) on Thursday reported a loss of $85.4 million in its first quarter.
On a per-share basis, the New York-based company said it had a loss of 23 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 33 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The marketing and advertising company posted revenue of $2.32 billion in the period. Its adjusted revenue was $2 billion, meeting Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPG at https://www.zacks.com/ap/IPG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.