The Interpublic Group of Companies, Inc. IPG reported better-than-expected third-quarter 2020 results.Adjusted earnings of 53 cents per share beat the Zacks Consensus Estimate by 43.2% and improved 8.2% on a year-over-year basis.Net revenues of $1.95 billion beat the consensus estimate by 3.4% but decreased on a year-over-year basis due to organic net revenue decrease of 3.7%, negative impact of 0.3% due to foreign-currency movement and 1.2% due to dispositions. Total revenues of $2.13 billion declined 12.7% year over year.So far this year, shares of Interpublic have lost 22% compared with 37.9% decline of the industry it belongs to. Meanwhile, the Zacks S&P 500 composite rose 7%. Let’s check out the numbers in detail.Operating ResultsOperating income in third-quarter 2020 came in at $248.6 million compared with $280.3 million in the prior-year quarter. Operating margin on net revenues decreased to 12.7% from 13.6% in the year-ago quarter. Operating margin on total revenues rose to 11.7% from 11.5% in the year-ago quarter.Adjusted EBITA came in at $269.9 million, compared with $302 million at the end of the prior-year quarter. Adjusted EBITA margin on net revenues declined to 13.8% from 14.7% in the year-ago quarter. Adjusted EBITA margin on total revenues rose to 12.7% from 12.4% in the year-ago quarter.Total operating expenses of $1.88 billion declined 13% year over year.Interpublic Group of Companies, Inc. The Price, Consensus and EPS Surprise Interpublic Group of Companies, Inc. The price-consensus-eps-surprise-chart | Interpublic Group of Companies, Inc. The QuoteBalance SheetAs of Sep 30, 2020, Interpublic had cash and cash equivalents of $1.63 billion, compared with $1.09 billion at the end of the prior quarter. Total debt was $3.96 billion compared with $3.97 billion at the end of the prior quarter.Dividend PayoutDuring the reported quarter, the company declared and paid out a cash dividend of 25.5 cents per share, amounting to $99.4 million.Currently, Interpublic carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesInvestors interested in the broader Zacks Business Services sector are awaiting third-quarter 2020 earnings of key players like S&P Global SPGI, Fiserv FISV and Waste Connections WCN. While S&P Global and Fiserv are slated to release their results on Oct 27, Waste Connections is scheduled to release the same on Oct 28.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fiserv, Inc. (FISV): Free Stock Analysis Report Interpublic Group of Companies, Inc. The (IPG): Free Stock Analysis Report Waste Connections, Inc. (WCN): Free Stock Analysis Report SP Global Inc. (SPGI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research