Interpublic Group Of Companies Q1 Loss Narrows - Quick Facts

(RTTNews) - Interpublic Group of Companies Inc. (IPG) said that its first quarter 2014 net loss available to common stockholders narrowed to $20.9 million or $0.05 per share from $59.2 million or $0.14 per share in the year ago quarter.

Seasonal operating loss in the first quarter of 2014 was $11.7 million, compared to an operating loss of $42.4 million in 2013.

First quarter 2014 revenue was $1.64 billion, compared to $1.54 billion in the first quarter of 2013, with an organic revenue increase of 6.6% compared to the prior-year period. This was comprised of an organic revenue increase of 9.1% internationally and 4.8% in the U.S.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share and revenues of $1.60 billion for the quarter.

"We saw solid contributions from across our agency portfolio, with strength in the US, as well as significant growth in Latin America and Asia. Our ability to deliver customized, integrated service offerings is increasingly becoming a differentiator for us, as are our digital capabilities. We believe that we remain well-positioned to meet or exceed our 2014 organic growth target of 3-4% and an operating margin of 10.3% or better," said Michael Roth, Interpublic's Chairman and CEO.