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The Zacks Advertising and Marketing industry is expected to gradually reach the pre-pandemic healthy levels with an increase in service activities. PUBGY, OMC and IPG are likely to ride on the digital marketing surge and client-centric strategies.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Interpublic Group shares tumbled on Friday after slashing its 2023 organic revenue growth forecast in half, citing falling business from tech firms.
Interpublic (IPG) fails to beat Q2 revenue estimates. Figures decline Y/Y.
The Interpublic Group of Companies, Inc. (NYSE:IPG ) Q2 2023 Earnings Conference Call June 21, 2023 8:30 AM ET Company Participants Jerry Leshne - SVP, IR Philippe Krakowsky - CEO Ellen Johnson - CFO Conference Call Participants Benjamin Swinburne - Morgan Stanley David Karnovsky - J.P. Morgan Tim Nollen - Macquarie Steven Cahall - Wells Fargo Michael Nathanson - MoffettNathanson Julien Roch - Barclays Operator Good morning and welcome to the Interpublic Group Second Quarter 2023 Conference Call.
Before the opening bell Friday, Interpublic Group reported Q2 results that beat expectations for both sales and earnings. Management also raised its revenue guidance for the year -- but not as much as Wall Street hoped.
Contrary to what Wall Street is saying, another advertising and marketing agency confirmed that the technology sector appears to be having a lot of trouble when it comes to discretionary spending on advertising and marketing.
The headline numbers for Interpublic (IPG) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Interpublic Group (IPG) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.63 per share a year ago.
Interpublic's (IPG) earnings are likely to decrease year over year on the back of decreasing segmental performance.