Benzinga | Oct 21, 2020 07:19AM EDT

Interpublic Group of Companies: Q3 Earnings Insights

Shares of Interpublic Group of Companies (NYSE:IPG) rose 1.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 8.16% year over year to $0.53, which beat the estimate of $0.33.

Revenue of $2,126,000,000 decreased by 12.80% from the same period last year, which beat the estimate of $1,870,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 21, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/tdxjd5zm

Recent Stock Performance

Company's 52-week high was at $25.20

52-week low: $11.63

Price action over last quarter: down 2.23%

Company Description

Interpublic Group is the world's fourth- largest ad holding company, based on annual revenue. It provides traditional advertising services along with digital and other services such as public relations through various acquisitions. IPG has made these services available in over 100 countries. The company generates more than 75% of its revenue from developed regions such as the United States and Europe.