WASHINGTON (dpa-AFX) - Interpublic Group Of Companies Inc. (IPG) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $344.5 million, or $0.92 per share. This compares with $463.2 million, or $1.21 per share, last year.
Excluding items, Interpublic Group Of Companies Inc. reported adjusted earnings of $415.5 million or $1.11 per share for the period.
Analysts on average had expected the company to earn $1.15 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 5.5% to $2.857 billion from $3.023 billion last year.
Interpublic Group Of Companies Inc. earnings at a glance (GAAP) :
-Earnings: $344.5 Mln. vs. $463.2 Mln. last year. -EPS: $0.92 vs. $1.21 last year. -Revenue: $2.857 Bln vs. $3.023 Bln last year.
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