Interpublic Group reports Q3 earnings with EPS of $0.70, revenue down 2.9% to $2.24bn, and $232.1m digital agency goodwill impairment.
Interpublic Group (IPG) reported Q3 earnings with earnings per share (EPS) of $0.70, meeting expectations. Revenue fell 2.9% year-over-year to $2.24 billion, while net income dropped to $20.1 million. The company faced a $232.1 million goodwill impairment related to digital agencies. IPG declared a quarterly dividend of $0.33 per share, yielding 4.18%. Analysts have a consensus "Hold" rating with a target price of $32.44.
October 22, 2024
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