Interpublic loss widens in Q1

Investor's Business Daily

The owner of advertising and marketing agencies lost 14 cents a share — ex preferred dividends and a minority investor's stake — widening from a 10-cent loss a year earlier. Higher operating costs offset a 2% revenue rise to $1.54 bil, the first gain in 4 quarters. Wall St. expected a 13-cent loss on $1.53 bil in revenue. Interpublic (IPG) shares rose 4.3% to 13.47.

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