Interpublic Group Q3 Adj. EPS $0.70 Misses $0.73 Estimate, Sales $2.68B Beat $2.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Interpublic Group of Cos (NYSE:IPG) reported Q3 adjusted earnings of $0.70 per share, missing the analyst consensus estimate of $0.73 by 4.11%. However, the company's quarterly sales of $2.68 billion beat the analyst consensus estimate of $2.38 billion by 12.52%. This represents a 1.53% increase over sales from the same period last year.
October 20, 2023 | 11:06 am
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Interpublic Group's Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Interpublic Group's earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100