{"id":20073,"date":"2014-04-23T10:26:30","date_gmt":"2014-04-23T14:26:30","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20073"},"modified":"2014-04-23T10:26:30","modified_gmt":"2014-04-23T14:26:30","slug":"interpublic-group-of-companies-inc-nyseipg-surging-amid-lower-than-expected-q1net-loss","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/interpublic-group-of-companies-inc-nyseipg-surging-amid-lower-than-expected-q1net-loss-20073","title":{"rendered":"Interpublic Group of Companies Inc. (NYSE:IPG) Surging Amid lower than Expected Q1Net Loss"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/23\/2014 (wallstreetpr) \u00a0&#8211; \u00a0Global Advertising and Marketing giant, <b>Interpublic Group of Companies Inc. (NYSE:IPG)<\/b>, continues to surge in the market after posting better than expected results for the first quarter. Strong results for the quarter were heavily driven by growth in revenue as well as earning&#8217;s performance of various key segments. The company continues to make impressive strides of growth in key markets such as the U.S, Latin America and Asia.<\/p>\n<p style=\"text-align: justify;\"><b>Interpublic Group of Companies Set for Growth <\/b><\/p>\n<p style=\"text-align: justify;\">The company\u2019s ability to deliver top notch customized integrated service offerings continue to be a key differentiator in the ever competitive market. The company\u2019s management team believe the company is well positioned to meet or exceed 2014 organic growth that has been set at between 3-4% with an operating margin of 10.3%.<\/p>\n<p style=\"text-align: justify;\">Interpublic Group of Companies Inc. (NYSE:IPG) saw its net loss for the quarter clock in at $20.9 million against a net loss of 459.2 million reported for the same period in 2013. Higher operating expenses had a greater say on the company\u2019s results for the first quarter.<\/p>\n<p style=\"text-align: justify;\">Organic growth continues to have a greater impact on the company\u2019s net revenue which was up by 6.1% to a high of $1637.5 million. Despite the growth in this segment, foreign currency translations continue to greatly affect the company\u2019s total revenue. The quarterly revenues were consequently up, beating Zack\u2019s consensus estimates of $1,601 million.<\/p>\n<p style=\"text-align: justify;\"><b>Operating loss<\/b><\/p>\n<p style=\"text-align: justify;\">Organic revenues for the quarter were up by 6.6% with the impact of net acquisitions coming in at 0.9. Foreign currency translations affected net revenues by 1.4%. Operating loss for the quarter was down to $11.7 million down from a high of $42.4 million reported in 2013.<\/p>\n<p style=\"text-align: justify;\">Interpublic Group of Companies Inc. (NYSE:IPG)\u2019s cash, cash equivalent and marketable securities as of March 31, 2014 stood at $777 million against a high of $1.64 billion as of December 31, 2013. Total debt remains unchanged at $1.66 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/23\/2014 (wallstreetpr) \u00a0&#8211; \u00a0Global Advertising and Marketing giant, Interpublic Group of Companies Inc. (NYSE:IPG), continues to surge in the market after posting better [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":20074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3525,3526],"stock_ticker":[],"class_list":["post-20073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-interpublic-group-of-companies-inc-nyseipg","tag-nyseipg","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Interpublic Group of Companies Inc. 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