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The Interpublic Group of Companies, Inc. (IPG) Q4 2023 Earnings Call Transcript

The headline numbers for Interpublic (IPG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Interpublic's (IPG) Q4 earnings are likely to increase year over year on the back of growth in key business areas.

Interpublic (IPG) excels with a diverse global workforce, investing in tech and strategic acquisitions to lead in dynamic marketing services and media trends.

New York, NY, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that it will release earnings for the fourth quarter and full year ended December 31, 2023 on the morning of February 8, 2024. Following the release, the company will hold a conference call for investors at 8:30 a.m. Eastern Time on the same day to review results.

Interpublic Group is economically sensitive but has a solid history of earnings growth. Gasoline and fuel prices have dropped significantly, reducing the risk of a deep recession. Interest rates have fallen, giving borrowers the opportunity to refinance and reducing the immediate risk of a recession.

Interpublic Group (IPG) is gaining from its new product offerings and strategic acquisitions.

Interpublic (IPG) fails to beat Q3 earnings estimate but increases year over year.

Interpublic Group (IPG) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.63 per share a year ago.

Shares of Interpublic Group of Companies Inc. IPG, -1.69% sank 5.4% toward a one-year low in premarket trading Friday, after the marketing services company missed third-quarter profit expectations, citing continued weakness among technology and telecommunications customers. Net income fell to $243.7 million, or 63 cents a share, from $251.8 million, or 64 cents a share, in the year-ago period.