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Interpublic: 4Q Earnings Snapshot

February 12, 2020 GMT

NEW YORK (AP) _ Interpublic Group of Cos. (IPG) on Wednesday reported fourth-quarter net income of $328.9 million.

The New York-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs, came to 88 cents per share.

The marketing and advertising company posted revenue of $2.9 billion in the period. Its adjusted revenue was $2.43 billion.

For the year, the company reported profit of $656 million, or $1.68 per share. Revenue was reported as $8.63 billion.

Interpublic shares have risen nearly 1% since the beginning of the year, while the Standard & Poor’s 500 index has risen nearly 4%. The stock has increased nearly 7% in the last 12 months.

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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 IPG at https://www.zacks.com/ap/IPG