By Dade Hayes Finance Editor Major ad agency Interpublic reported steady first-quarter results, with adjusted earnings per share beating Wall Street expectations, but the company warned that COVID-19 will likely take a significant toll as the year continues.
First quarter revenue dipped nearly 2% from the year-earlier period to $1.97 billion, roughly in line with analysts’ consensus estimate, with earnings of 11 cents a share topping forecasts by two cents.
Along with Omnicom and WPP, IPG has begun to feel the force of the pandemic, which has already taken an estimated $12 billion out of the U.S.
TV ad business and is prompting a marketing retreat across platforms and global regions. Agencies at least have some maneuverability in this
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.