Interpublic Gr of Cos Q2 2024 Adj EPS $0.61 Beats $0.59 Estimate, Sales $2.327B Miss $2.329B Estimate
Portfolio Pulse from Benzinga Newsdesk
Interpublic Group of Companies (NYSE: IPG) reported Q2 2024 adjusted EPS of $0.61, beating the estimate of $0.59. However, sales of $2.327 billion missed the $2.329 billion estimate and decreased by 0.09% year-over-year.
July 24, 2024 | 11:02 am
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Interpublic Group of Companies (NYSE: IPG) reported Q2 2024 adjusted EPS of $0.61, beating the estimate of $0.59. However, sales of $2.327 billion missed the $2.329 billion estimate and decreased by 0.09% year-over-year.
The beat on EPS is a positive indicator for investors, suggesting better-than-expected profitability. However, the slight miss on sales and the year-over-year decrease may temper enthusiasm. Overall, the positive EPS beat is likely to have a more significant short-term impact on the stock price.
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