Stagwell: Q2 Earnings Snapshot
News > National News
Audio By Carbonatix
9:09 AM on Tuesday, August 8, 2023
The Associated Press
NEW YORK (AP) — NEW YORK (AP) — Stagwell Inc. (STGW) on Tuesday reported a loss of $4.7 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 4 cents. Earnings, adjusted for amortization costs and asset impairment costs, were 16 cents per share.
The marketing communications company posted revenue of $632.3 million in the period.
Stagwell expects full-year earnings in the range of 76 cents to 85 cents per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STGW at https://www.zacks.com/ap/STGW
