Revenue rose 6.1% to $1.64 billion, which beat analysts' expectation of $1.60 billion, according to Thomson Reuters I/B/E/S. International revenue also increased 7.7% after declines for three quarters. Organic revenue grew 6.6% and the company said in a statement it is on pace to meet or exceed its 2014 target of 3% to 4% organic growth, as well as operating margin of at least 10.3%.
Interpublic also reported net loss attributable to common shareholders of $20.9 million, or 5 cents a share. Analysts expected a loss of 8 cents per share.
The stock rose 3.85% to $17.52 at 10:49 a.m.
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Separately, TheStreet Ratings team rates INTERPUBLIC GROUP OF COS as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTERPUBLIC GROUP OF COS (IPG) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."