Interpublic's (IPG) Q4 Earnings Beat Estimates, Rise Y/Y

The Interpublic Group of Companies, Inc. (IPG) reported better-than-expected fourth-quarter 2023 results.Adjusted earnings of $1.18 per share surpassed the Zacks Consensus Estimate by 1.7% and increased 15.7% on a year-over-year basis. Revenues before billable expenses (net revenues) of $2.6 billion surpassed the consensus estimate marginally and increased 1.4% year over year. Total revenues of $3 billion increased 1.3% year over year.Interpublic’s shares have declined 13.2% in the past year compared with t ...