Categories Earnings, Other Industries

Earnings Summary: A snapshot of Interpublic Group of Companies’ (IPG) Q2 2023 results

Interpublic Group of Companies, Inc. (NYSE: IPG), a provider of marketing solutions, reported an increase in adjusted profit for the second quarter of 2023 despite a decrease in revenues

  • Total revenue, including billable expenses, was $2.67 billion in the June quarter, which is down 2.5% from the year-ago period
  • Revenue before billable expenses declined 2% to $2.33 billion, with an organic decrease of 1.7%
  • Reported net income was $265.5 million or $0.68 per share, compared to $229.6 million or $0.58 per share last year
  • Adjusted earnings, excluding one-off items, moved up to $0.74 per share in Q2 from $0.63 per share a year earlier
  • Q2 Operating income was $310.7 million, compared to $349.1 million in 2022
  • Adjusted EBITA, before restructuring charges, came in at $330.2 million

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Nike (NKE) looks set to beat hurdles and build a brighter future

Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business

Electronic Arts (EA): A few points to keep in mind if you have an eye on this gaming company

Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as

Petros Pharma is focused on establishing mechanisms for Rx-to-OTC switch: CCO Fady Boctor

Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications

Add Comment
Viewing Highlight