(AOF) – In New York, Interpublic fell 11.02% to 33.74 dollars, de facto beating the advertising sector with in particular a decline in Publicis of more than 2%. The American communications group announced adjusted earnings of $0.74 per share in the second quarter, up from $0.63 the previous year. Analysts were targeting $0.60. Revenue for the quarter ended June 30 was $2.67 billion, compared to $2.74 billion a year earlier and $2.33 billion adjusted. Analysts had expected 2.39 billion.
In the second quarter of 2023, operating income was $310.7 million, compared to $349.1 million in 2022. Adjusted EBITA before restructuring charges was $330.2 million compared to $370.1 million.
The organic decrease in net revenue is 1.7% compared to the second quarter of 2022, compared to an organic increase of 7.9% during the second quarter of 2022.
The US firm said it paid a dividend of $0.31 per common share in the second quarter, for a total of $119.4 million.
“Given our first six months, we are revising our full-year organic growth expectation to between 1% and 2%, while remaining fully committed to our existing full-year margin target of 16.7%, which represents margin expansion over 2022,” Interpublic management said.
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