IPG - Why Advertising Company Interpublic Group's Shares Are Falling Today | Benzinga
The Interpublic Group of Companies Inc (NYSE: IPG) shares are trading lower by around 4% after it reported Q3 FY23 results.
The company reported revenue (including billable expenses) of $2.68 billion, beating the consensus of $2.38 billion.
Revenue, before billable expenses, stood at $2.31 billion (+0.6% Y/Y). Organic revenue was down 0.4% Y/Y in the quarter.
Adjusted EBITA (before restructuring charges) fell to $397.2 million from $356.2 million a year ago, with margins contracting to 17.2% from ...