Revenue Update on Interpublic Group of Companies Inc(NYSE:IPG)

Interpublic Group of Companies Inc(NYSE:IPG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $1.92B. Analysts estimated a revenue of $1.93B. Earnings per share were $0.33. Analysts had estimated an EPS of $0.33.

Interpublic Group of Companies Inc (IPG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.59% or 0.38 points. Due to strong positive momentum, the stock ended at $24.23, which is also near the day’s high of $24.31. The stock began the session at $23.88 and the volume stood at 45,27,926 shares. The 52-week high of the shares is $24.82 and the 52 week low is $18.16. The company has a current market capitalization of $9,750 M and it has 40,24,05,200 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Christopher F Carroll (SVP, Controller & CAO) sold 20,000 shares at $23.33 per share price.Also, On Apr 29, 2016, Michael Isor Roth (Chairman & CEO) sold 500,000 shares at $23.25 per share price.On Apr 29, 2016, Julie Connors (SVP, Audit & Chief Risk Ofcr) sold 10,700 shares at $23.21 per share price, according to the Form-4 filing with the securities and exchange commission.

The Interpublic Group of Companies Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup Foote Cone & Belding Lowe and Partners IPG Mediabrands its digital specialist agencies and its domestic integrated agencies. IAN’s domestic integrated agencies including Hill Holliday Carmichael Lynch Dailey Tierney and Mullen provide a range of advertising marketing communications services and/or marketing services. CMG which includes Weber Shandwick Cassidy DeVries Golin FutureBrand Jack Morton and Octagon Worldwide provides diversified services including public relations meeting and event production sports and entertainment marketing corporate and brand identity and strategic marketing consulting.

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