NEW YORK (TheStreet) -- Shares of Interpublic Group of Cos. (IPG - Get Report) are gaining by 1.84% to $23.86 on Friday morning, following the release of the company's 2016 first quarter results.

Before today's market open, the New York-based advertising company reported break even earnings per share, meeting analysts' expectations.

Revenue climbed by 3.9% to $1.74 billion, topping Wall Street's estimates of $1.71 billion.

U.S. revenue spiked by 8.7% year-over-year, while international sales fell 3.2%.

Results were helped by businesses' higher U.S. advertising budgets, which helped ease the impact of a strong dollar on sales abroad, Reuters noted.

Major advertising agencies around the world have benefited recently from businesses spending more money on marketing efforts and bolstering digital ad spending, Reuters added

"Our results reflect growth with existing clients, as well as new business wins, and strength in all geographic regions, led by notable domestic performance," CEO Michael Roth said in a statement.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on the stock.

The company's strengths can be seen in multiple areas, such as its notable return on equity, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: IPG