Interpublic (IPG) Q1 Earnings Meet Estimates, Decline Y/Y

The Interpublic Group of Companies, Inc. (IPG) has reported mixed first-quarter 2024 results, wherein earnings met the Zacks Consensus Estimate, whereas revenues beat the same.IPG’s adjusted earnings (excluding 7 cents from non-recurring items) of 36 cents per share met the Zacks Consensus Estimate but decreased 5.3% on a year-over-year basis. Revenues before billable expenses (net revenues) of $2.2 billion surpassed the consensus estimate marginally but decreased 13.4$2. ...