NEW YORK (AP) — NEW YORK (AP) — Stagwell Inc. (STGW) on Thursday reported a loss of $6.5 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, were 22 cents per share.
The marketing communications company posted revenue of $708.2 million in the period.
For the year, the company reported profit of $27.3 million, or 17 cents per share. Revenue was reported as $2.69 billion.
Stagwell expects full-year earnings in the range of 90 cents to $1.05 per share.
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