08:53 AMInterpublic Group of Companies (IPG): Q3 EPS of $0.03 beats by $0.02. Revenue of $1.43M in-line. "Client sentiment has stabilized, but remains cautious, which makes it difficult to predict what growth will look like in 2010." Shares -1.8% premarket. (PR)
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13:51 PM
Interpublic Group (IPG) +9.6% after FMR Corp. (a.k.a. Fidelity Investments) discloses a 10.4% passive stake. Also today, Credit Suisse upgraded IPG to Neutral, citing ample liquidity and management's ability to aggressively control costs. Here's the full note.
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Friday, February 27, 2009
07:13 AMInterpublic Group (IPG): Q4 EPS of $0.39 beats by $0.10. Revenue of $1.9B (-4.1%) in-line. "While meeting our 2008 financial objectives is gratifying, the latter part of the fourth quarter and the early part of 2009 have begun to show the negative effect that the broader economic situation is having on the marketing services sector." (PR)
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