RTTNews | Jul 21, 2021 08:02AM EDT

08:02 Wednesday, July 21, 2021 (RTTNews.com) - Interpublic Group of Cos, Inc. (IPG) reported Wednesday that net income available to IPG common stockholders for the second quarter was $263.3 million or $0.66 per share, compared to a loss of $45.6 million or $0.12 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.70 per share, compared to $0.23 per share in the year-ago quarter.

Net revenue for the quarter increased 22.5 percent to $2.27 billion from $1.85 billion in the same quarter last year. Total revenue was up 23.9 percent from last year to $2.51 billion. Organic net revenue growth was 19.8 percent.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share on revenues of $2.08 billion for the quarter. Analysts' estimates typically exclude special items.

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