Aegis Is Up, Interpublic is Down
London-based firm Aegis saw a nice bump in stock price today. Via the Guardian UK:
Shares in marketing services group Aegis rose 4.5% this morning after it reported a strong start to the year with an 8.3% rise in organic growth in the first quarter.Meanwhile, Interpublic announced losses today. Every cloud has a silver lining though (in this case, however, the silver lining is financial losses of nearly $70 million.) At Market Watch:Aegis, which had seen its share price rise to 122.25p by 8.53am, said first-quarter growth put it "ahead of the wider marketing communications industry".
The company reported a loss of $69.7 million, or 15 cents a share, narrower than the loss of $132.8 million, or 29 cents, in the first quarter of 2007.
Quarterly revenue came in at $1.49 billion, up from $1.36 billion a year earlier. On the top line, currency added 3.8% to growth and acquisitions 0.3%.