Interpublic Group Q1 Loss Narrows - Quick Facts

(RTTNews) - The Interpublic Group of Companies, Inc. (IPG) reported a first-quarter net loss to shareholders of $1.8 million compared to a loss of $20.9 million, prior year. The company reported breakeven per share, compared to a loss of $0.05, last year.

On average, 16 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.03 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 2.4% to $1.68 billion from $1.64 billion last year, with an organic revenue increase of 5.7%. Analysts expected revenue of $1.65 billion for the quarter.

Michael Roth, Interpublic's CEO, said: "We are pleased to report first quarter results that feature strong organic growth, as well as progress in terms of operating profit. We continue to see the benefits of our long-term investments in talent and our commitment to embedding digital capabilities and expertise throughout our portfolio. Looking forward, we believe that we remain well positioned to achieve our 2015 targets of 3-4% organic revenue growth and 80-100 basis points of improvement in operating margin, thereby further enhancing shareholder value."