Interpublic (IPG) Q2 Earnings Meet Estimates, Decline Y/Y

The Interpublic Group of Companies, Inc. (IPG) has reported mixed second-quarter 2024 results, wherein earnings met the Zacks Consensus Estimate, while revenues beat the same.IPG’s adjusted earnings (excluding 4 cents from non-recurring items) of 61 cents per share met the Zacks Consensus Estimate but decreased 17.6% on a year-over-year basis. Revenues before billable expenses (net revenues) of $2.3 billion surpassed the consensus estimate marginally but declined 12.7% year over year. Total revenues of $2.7 ...