Interpublic Group Q2 Profit Increases - Quick Facts

(RTTNews) - The Interpublic Group of Companies Inc. (IPG) reported that its second quarter 2014 net income available to common stockholders rose to $99.4 million or $0.23 per share from $79.9 million or $0.18 per share in the same quarter last year.

Excluding the impact of the early extinguishment of the Company's 6.25% Senior Unsecured Notes due 2014, earnings per share for the latest-quarter was $0.25. Analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Second quarter 2014 revenue was $1.85 billion, compared to $1.76 billion in the second quarter of 2013, with an organic revenue increase of 4.7% compared to the prior-year period. This was comprised of an organic revenue increase of 7.1% internationally and 2.9% in the U.S. Wall Street expected revenues of $1.84 billion for the quarter.

Looking ahead for the full year, the company said that it is well-positioned to exceed its organic growth target of 3-4% and improve operating margin by at least 100 basis points, to 10.3% or better.