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Interpublic revenue falls on slow customer spending

Friday, 26 Oct 2012 | 11:09 AM ET

Oct 26 (Reuters) - Interpublic Group of Cos, home to advertising agencies McCann Erickson and Draftfcb, reported a fall in revenue on lower spending by customers and some account losses in 2011.

Net income at Interpublic, the second-biggest U.S. advertising and marketing group, fell to was $68.7 million, or 16 cents per share, from $208.1 million, or 40 cents per share, including the benefit of the Facebook transaction in the third quarter of 2011.

Revenue fell 3.2 percent to $1.67 billion.

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